Q1 Results Well the Q1 is now out and overall it was a pretty good quarter. The net income is a bit skewed due to the reduced value of the REIT units (decreasing value of REIT units increases Melcor's earnings.
They don't provide much in the way of an outlook but you don't have to be a genius to see that Melcor has a fantastic opportunity with the Land Development division right now in Alberta.
The book value is now up over $40 per share and the conditions are looking favorable.
LR