timberland investors use metrics based on a time horizon of 10 to 50 or more years. the key metrics are based on a discounted cash flow (dcf) analyses over that time horizon. if you would like to read more about timber valuation than you really want to know, you can do cheap timberland boots that here. the metrics used by those that analyze stock value are usually based on very cheap timberland boots short term future cash flows of a year or two (no need to discount those!). the inherent assumption is that the stock price will respond to very short term (a few quarters or few years at most) cash flows and that the stock will be bought or sold in that time frame. some of the most referenced metrics are based on what happened last year rather than what is expected to happen in the future (current p/e for example). the warren buffets in the crowd that actually do take a long term view of stock investing where to buy timberland boots in uk are a clear minority today and im sure that dcf is an integral part of their valuation. dont misunderstand me. im not saying that one way is right and that the other way is wrong, only that they produce different results and that creates a dichotomy in timberland shoes value and an opportunity for long term investors. given all this, is it any wonder that the stock of the timberland companies has fallen dramatically with the general market decline? the value of their timberland portfolio is based upon the very depressed earnings reflecting current stumpage prices rather than the dcf of future stumpage prices!