RE:RE:RE:Hold it nowDebt to equity is less than 1, and debt to tangible equity is about 1.25. Current ratio is strong. Replacement cost of facilities is high. LBR ~$500 USD. Housing crisis that, one would think, eventually lead to significantly increase demand for lumber.
I agree that they may have gone one or two acquisitions too far, but I certainly don't see a run for the hills moment here. They do have flexibility to cut production if things get really bad for an extended period.
Personally I think the lumber companies are some of the best values on the market right now. On a historical basis, they are dirt cheap. But hey, that's just one guy's opinion.