The Acquirers PodcastPublished 2026-09-18
“Mason Hawkins' Southeastern Asset Management's Value Philosophy Explained”
$RAYBullish
Rayonier trades at 20 vs intrinsic value of 30-40; forest land assets and buybacks support the discount closing.
Some of them at the moment will be investments such as "Raniere ", a company that specializes in forest lands. It owns approximately 4 million acres, and its shares trade at a significant discount to the actual value per acre of this land.
This is a sector in which we have achieved considerable success over the decades. We have owned this company before, as well as some of the companies that came before it. When we move on to price, that's the business side and the human side of it.
We see something that is worth between 30 and 40 while it is trading at 20. You can calculate that in different ways per acre, but it is trading at much less than the values of forest land in the private market.