Published on 18 Jun 2024 on Insider Monkey · via Yahoo Finance
Boise Cascade Company (BCC): Is This Land and Timber Stock a Good Buy?
We recently compiled a list of the 10 Best Land and Timber Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Boise Cascade Company (NYSE:BCC) stands against the other land and timber stocks.
The land and timber industry supports various sectors such as construction, furniture manufacturing, and paper production. The industry is forecasted to be worth $342.55 billion in 2024 and is projected to reach $464.94 billion by 2029, reflecting a healthy compound annual growth rate (CAGR) of 6.3%. In fact, The World Bank predicts that the push for net zero emissions by 2050 could quadruple global timber demand.