Disconnected Comparisons In this issue of Disconnected Comparisons, we evaluate Rayonier (RYN) and Mercer International (MERC). A USD 100 investment in RYN on 4 January 2002 would have been worth USD 113.98 on 12 June 2026; a USD 100 investment in MERC on 4 January 2002 would have been worth USD 2.39 on 12 June 2026; and a USD 100 investment in the PM40 on 4 January 2002 would have been worth USD 512.47 on 12 June 2026. Click here to view the comparison. Rayonier Inc. (RYN) is a NYSE traded company. Their Web site is rayonier.com. Mercer International Inc. (MERC) is a NASDAQ traded company. Their Web site is mercerint.com/s/home.asp.