What's there not to like about Plum Creek Timber Company (NYSE: PCL). ? Timber is my all-time favorite asset. You buy some land, plant some trees, and watch the value of your investment grow. If log prices go down, you wait for better days to harvest. Meanwhile, the value of your timber investment grows as your trees grow. That is a business to admire. You can sit on your hands for 20 years and still make money. Plum Creek shares provide exposure to timberland without the liquidity constraints of direct timberland investment. Plus you get a 4.2% tax-advantaged dividend.