Bush does indeed have an ownership interest in a timber company. According to Factcheck.org. He has some unspecified interest in The Lone Star Trust, which owns 50% of LSTF LLC, a company organized for the purpose of production of trees for commercial sale. It's not clear whether he owns the entire Lone Star Trust, or just some interest.
In any event, even though he mocked Kerry for mentioning the lumber company, Bush was wrong when he said (paraphrasing) "Don't you think I'd know it if I owned a lumber company?" I guess not.
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