Weyerhaeuser is the second-largest owner of timberland in the U.S. It currently manages roughly 20.5 million acres of forests in which it grows and harvests trees for use as lumber, other wood and building products, as well as pulp and paper. To Cramer, Weyerhaeuser is more profitable and productive than its competitors. He thinks its successes are, in a large part, due to its fabulous management team.
The timber company’s stock sports a 3.1 percent dividend yield. It’s cheap, too, trading at a 30 percent discount to its net asset value. Cramer recommends that investors consider buying shares at current levels, because by the time housing market does actually turnaround, it may be too late.