Latest news with #WY
New Paper
2 days ago
- New Paper
'I'm feeding the chickens': Bishan woman accused of feeding pigeons denies wrongdoing
An elderly woman scanned her surroundings before scattering a handful of rice grains on the grass. When confronted by a passer-by, she allegedly got physical and hit the man. "I'm feeding the chickens, not the birds!" she said. According to Stomp, the woman has been feeding pigeons at Block 441 Sin Ming Avenue in Bishan daily. On one occasion, while holding a bag full of rice, the woman who was confronted denied feeding the pigeons, claiming to be looking for their eggs instead. "It's usually two to three times a day. Before 8am, some time between 11.30am to 1pm, and between 6.30pm to 7.30pm," said WY, who submitted a video of the incident to the citizen journalism site. The video showed birds flocking towards her as she scattered feed from a plastic bag. When Shin Min Daily News visited the site, the reporter noticed a number of pigeons and wild chickens roaming around. A resident revealed that someone would feed the pigeons every evening, so they would all "gather on time" in the area. At about 4pm, a woman with multiple bags of rice showed up and skillfully scattered them on the grass. However, when she spotted the reporter, she immediately left. When asked if she was aware that her actions were illegal, the woman claimed to be feeding the chickens, but the pigeons came in to "snatch their food". "When the pigeons come, I will immediately chase them away," she explained. "Those pigeons are really clever - they'll come when they see food." The woman, who did not wish to reveal her name, said that the number of wild chickens in the estate had decreased sharply, and she felt bad for them. "If I wanted to feed the birds, I would've used breadcrumbs. Do you see breadcrumbs on the floor?" She also added that even without feeding, there were already a lot of pigeons in the estate. A resident told the Chinese daily that he believed the woman had been attracting pigeons to the estate for nearly 10 years. The woman would allegedly hurl insults at him in Cantonese whenever she saw him. "Initially, I got angry. Why is she so unreasonable?" "After a while, I stopped caring. Everyone in the neighbourhood knows her." In response to claims that she had been berating residents, the woman said that it was because the neighbourhood misunderstood her for feeding pigeons for a long time, so she got angry. Mr How Choon Beng, group director of wildlife management at the National Parks Board, told Shin Min Daily News that the NParks is aware of the issue and is continuing its efforts with the Bishan-Toa Payoh town council to monitor and manage the pigeon population. He added that rock pigeons are not a native species, and they can cause environmental and hygiene issues. Under the Wildlife Act, first-time offenders who feed wildlife can be fined up to $5,000 and up to $10,000 for repeat offenders.
Yahoo
29-05-2025
- Business
- Yahoo
Weyerhaeuser Stock Rated Hold by Argus as Housing Sector Remains Weak
Argus analyst Marie Ferguson maintained a Hold rating on Weyerhaeuser Company (NYSE:WY) on May 28, citing the company's challenges in the current economic environment, with no price target provided. Ferguson's remarks suggest that Weyerhaeuser's profits are directly related to the new-housing market, which has tanked due to high borrowing costs and a weak economy. The increase in existing home sales has only made the oversupply situation worse, which was caused by the slowdown in development over the past two years. Although a return to positive yearly earnings growth is possible this year, analysts at Argus predict that any improvement will be evaluated against a low starting point. The housing market is expected to remain weak for the majority of 2025, trailing behind the broader economic recovery. Given this, Argus predicts that Weyerhaeuser Company (NYSE:WY) might not establish a solid foundation until 2026. One of the biggest private owners of timberlands in North America, Weyerhaeuser Company (NYSE:WY) is a US-based REIT that manages around 10.4 million acres in the United States alone, with additional properties in Canada under long-term licenses. While we acknowledge the potential of WY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WY and that has 100x upside potential, check out our report about the cheapest AI stock. Read More: and Disclosure: None.
Yahoo
29-05-2025
- Business
- Yahoo
Weyerhaeuser Stock Rated Hold by Argus as Housing Sector Remains Weak
Argus analyst Marie Ferguson maintained a Hold rating on Weyerhaeuser Company (NYSE:WY) on May 28, citing the company's challenges in the current economic environment, with no price target provided. Ferguson's remarks suggest that Weyerhaeuser's profits are directly related to the new-housing market, which has tanked due to high borrowing costs and a weak economy. The increase in existing home sales has only made the oversupply situation worse, which was caused by the slowdown in development over the past two years. Although a return to positive yearly earnings growth is possible this year, analysts at Argus predict that any improvement will be evaluated against a low starting point. The housing market is expected to remain weak for the majority of 2025, trailing behind the broader economic recovery. Given this, Argus predicts that Weyerhaeuser Company (NYSE:WY) might not establish a solid foundation until 2026. One of the biggest private owners of timberlands in North America, Weyerhaeuser Company (NYSE:WY) is a US-based REIT that manages around 10.4 million acres in the United States alone, with additional properties in Canada under long-term licenses. While we acknowledge the potential of WY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WY and that has 100x upside potential, check out our report about the cheapest AI stock. Read More: and Disclosure: None.
Yahoo
23-05-2025
- Business
- Yahoo
Weyerhaeuser to acquire 117,000 acres of timberlands in North Carolina, Virginia
Weyerhaeuser (WY) announced an agreement to acquire approximately 117,000 acres of high-quality timberlands in North Carolina and Virginia from Roanoke Timberlands LLC, a subsidiary of Roseburg Forest Products, for $375M. Comprised of mature, highly productive timberlands, the acreage will be well-integrated with existing Weyerhaeuser timberland and mill operations in North Carolina, will expand the company's footprint into attractive markets in southeastern Virginia and will offer substantial alternative value opportunities. The acquisition is expected to deliver immediate and sustained portfolio-leading cash flows within the company's Southern Timberlands business. The acquisition is expected to close in the third quarter and is subject to customary closing conditions. Cash outlay for the transaction is expected to be predominantly sourced from upcoming divestitures of non-core timberlands, and the company anticipates completing these transactions in a tax-efficient manner. When the acquisition is complete, Weyerhaeuser will own or manage approximately 744,000 acres of timberlands in North Carolina and 150,000 acres in Virginia, along with three mills, two distribution centers and additional field offices – employing more than 600 people across the two states. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on WY: Disclaimer & DisclosureReport an Issue Weyerhaeuser to sell Princeton, B.C., lumber mill to Gorman Group for C$120M Weyerhaeuser Holds Annual Shareholders Meeting on May 9 Weyerhaeuser authorizes new $1B share repurchase program Weyerhaeuser Reports Solid Q1 Earnings Amid Market Challenges Weyerhaeuser's Earnings Call: Growth Amid Challenges
Yahoo
23-05-2025
- Business
- Yahoo
Weyerhaeuser Agrees to Sell Princeton Lumber Mill in B.C. to Gorman Group
Weyerhaeuser Company (NYSE:WY) has agreed to sell its Princeton, British Columbia lumber mill to the Gorman Group, the parent company of Gorman Bros. Lumber Ltd., a family-run wood products firm based in West Kelowna, B.C. The two companies have a long history of working together, with Gorman Bros. currently serving as the Princeton mill's largest customer. The Gorman Group has operated in Canada for over 75 years and has facilities across B.C. and Washington state. Founded in 1900, Weyerhaeuser Company (NYSE:WY) is one of the largest private timberland owners, managing 10.4 million US acres and licensed lands in Canada. The company is a leader in sustainability and also ranks among North America's top wood products manufacturers. It has operations in real estate, energy, and climate solutions. The deal, valued at roughly CAD 120 million in cash, includes the mill, associated timber licenses in British Columbia, and working capital, with the final price subject to standard closing adjustments. Devin W. Stockfish, president and chief executive officer for Weyerhaeuser, made the following comment on the deal: "We are grateful to all the dedicated employees who contributed to the success of our Princeton operations over the years. The community has always been incredibly welcoming and supportive of our mill and people, and it was important for us to sell to a local buyer with deep roots in the region. Gorman has been a great customer and strategic partner, and we believe this will be a seamless transition that will position the mill for future success in a challenging operating environment — providing long-term certainty for the mill and the broader community." Weyerhaeuser Company (NYSE:WY) expects a gain from the sale and anticipates facing a tax expense of around CAD 15 million. The company's other Canadian operations will remain unchanged, and it will continue running the Princeton mill separately from the Gorman Group until the deal is finalized. While we acknowledge the potential of WY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WY and that has 100x upside potential, check out our report about this cheapest AI stock. READ MORE: and Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
