Weyerhaeuser stock is up, but should shareholders be happy?

Weyerhaeuser's stock has risen more than 8% since it announced it would distribute $5.6 billion in retained earnings and profits in a special dividend -- a key step to converting to REIT status. But shareholders might experience some short-term pain en route to this goal. Volatility in the stock market plus the upfront tax hit from the conversion might prompt some shareholders to sell their shares for tax-planning purposes.

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Wall Street Journal (tiered subscription model), The · Bloomberg Businessweek

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