Local company named one of 50 best stocks worldwide
Rayonier Inc.’s stock fell along with the rest of the market in 2008. But the Jacksonville-based forest products company has at least one fan touting the stock.Jim Jubak, senior markets editor for MSN Money, picks Rayonier as one of the 50 best stocks in the world in his new book, The Jubak picks, 50 stocks that will rebuild your wealth and safeguard your future.Jubak is impressed by Rayonier’s 2.6 million acres of land, which consists mainly of timberland but also includes 200,000 acres along the I-95 corridor from Savannah to Daytona Beach. Rayonier is pursuing residential and commercial development opportunities for that stretch of land.Based on Rayonier’s closing 2007 price of $47.24, Jubak…
