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Proven fact. Piece of wood worth more than GM.
LesWVa
Member Posts: 10,490 ✭✭
Good day when when it pays more to buy a pile of 2x4's than a General Motors car.
NYSE.
Plum Creek Timber Co. Inc
41.44 +0.52#8206; (1.27%#8206;) Feb 25 4:02pm ET
Open: 41.06
High: 41.50
Low: 41.02
Volume: 1,009,053
Avg Vol: 1,484,000
Mkt Cap: 6.70B
General Motors
33.25 +0.23#8206; (0.70%#8206;) Feb 25 4:01pm ET
33.30#8206; +0.05#8206; (0.15%#8206;) After Hours
Open: 33.67
High: 34.20
Low: 33.05
Volume: 29,027,035
Avg Vol: 17,692,000
Mkt Cap: 49.88B
NYSE.
Plum Creek Timber Co. Inc
41.44 +0.52#8206; (1.27%#8206;) Feb 25 4:02pm ET
Open: 41.06
High: 41.50
Low: 41.02
Volume: 1,009,053
Avg Vol: 1,484,000
Mkt Cap: 6.70B
General Motors
33.25 +0.23#8206; (0.70%#8206;) Feb 25 4:01pm ET
33.30#8206; +0.05#8206; (0.15%#8206;) After Hours
Open: 33.67
High: 34.20
Low: 33.05
Volume: 29,027,035
Avg Vol: 17,692,000
Mkt Cap: 49.88B
Comments
Here is the web site
http://www.plumcreek.com/
I wish I would have bought stock in them 10 years ago when the bought out the Georgia-Pacific mill here locally. A friend of mine logged for them and loved it. They sold that mill, I believe to a West Virginia company AWP- Allegheny Wood Products and he went to work elsewhere.
Plum creek MKT Cap 6.70B
General motors MKT CAP 49.88B
GM is worth 7 times Plum creek!!!
Share price has a lot of factors...like the number of shares!!!!!!!
Plum Creek Avg Vol 1484000
General Motors Avg Vol 17692000
Dont know the total of outstanding shares for Plum Creek, but Im pretty sure there is not as many as GM!!!!!
Thats why the price is higher PER SHARE, not as many to be had, so the price is higher!!!
you miss the point.....market cap is the number that tells you the total worth of the company....
Plum creek MKT Cap 6.70B
General motors MKT CAP 49.88B
GM is worth 7 times Plum creek!!!
Share price has a lot of factors...like the number of shares!!!!!!!
Plum Creek Avg Vol 1484000
General Motors Avg Vol 17692000
Dont know the total of outstanding shares for Plum Creek, but Im pretty sure there is not as many as GM!!!!!
Thats why the price is higher PER SHARE, not as many to be had, so the price is higher!!!
Hilarious. Plum Hilarious.[:D][:D]
Market Cap is the size of a publically traded company & an estimate of it's worth. The book value can be different.
either way, GM is worth FAR more than Plum!!!!!
http://www.gm.com/
you miss the point.....market cap is the number that tells you the total worth of the company....
Plum creek MKT Cap 6.70B
General motors MKT CAP 49.88B
GM is worth 7 times Plum creek!!!
Share price has a lot of factors...like the number of shares!!!!!!!
Plum Creek Avg Vol 1484000
General Motors Avg Vol 17692000
Dont know the total of outstanding shares for Plum Creek, but Im pretty sure there is not as many as GM!!!!!
Thats why the price is higher PER SHARE, not as many to be had, so the price is higher!!!
So you are saying that if you were flat broke of hard cash and had 50,000 shares of stock in a company.
You would rather that stock to be in General Motors that sold for $31.25 a share over a lumber companies that sold for 41.44?
Obamanonics at work.
They may stay in business but they will not be getting any of my money other then then what they steal from me in taxes
Just keep working and paying taxes.
You guys can * and moan all day but GM will stay in business.
Only as long as the Chinese continue to love them Buicks.
quote:Originally posted by RtWngExtrmst
quote:Originally posted by select-fire
You guys can * and moan all day but GM will stay in business.
Only as long as the Chinese continue to love them Buicks.