Potlatch a better bargain than Plum Creek-Barron's

NEW YORK, Feb 10 (Reuters) - Plum Creek Timber Co Inc (PCL.N: Quote, Profile, Research) carries an expensive valuation, so Potlatch Corp PCH.N offers a better bargain for investors, Barron's said in its Feb. 11 edition.

At $40.81, Plum Creek's shares trade at 3.8 times book value, compared with 2.6 for Potlatch, Barron's said.

Plum Creek has "much greater exposure than Potlatch to the vicissitudes of real estate development," Jim Grant, editor of Grant's Interest Rate Observer, told Barron's. (Reporting by Justin Grant; Editing by Braden Reddall)