Timber Catches Fire In Sandy’s Wake

The past week has seen a number of factors combine to push timber prices and forestry stocks higher, with the most notable force coming from Hurricane Sandy. The superstorm wreaked havoc on the East Coast, as its destructive path reached 1,000 miles across, leaving millions of homes and businesses damaged and powerless. Estimates of the damage have come in at a staggering $50 billion, making Sandy the second most expensive storm in U.S. history, behind Hurricane Katrina [for more timber news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: The Largest Private Landowners in the U.S. Timber Set to Soar Says Jeremy Grantham Three Commodities to Bet With Buffett The Beginner’s Guide to Timber Investment Funds: How to Invest in Timber Schiff: The Fed Wants To Inflate Housing