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Genesis Land Development Corp T.GDC

Alternate Symbol(s):  GNLAF

Genesis Land Development Corp. is a Canada-based integrated land developer and residential home builder. The Corporation is engaged in the acquisition, development and sale of land, residential lots and homes in the greater Calgary area. It operates through two segments: land development and home building. As a land developer, Genesis acquires, plans, rezones, subdivides, services and sells residential lots and commercial and industrial lands to third party developers and builders, and sells lots and completed homes through a wholly owned subsidiary, Genesis Builders Group Inc. (GBG), its home building division. The land portfolio is planned, developed, serviced and sold as single-family lots and townhouses, multi-family and commercial parcels. It designs, builds and sells homes on a significant portion of its single-family lots and townhouse land parcels. It also acquires single-family lots from other land developers to build and sell single-family homes in additional CMA communities.


TSX:GDC - Post by User

Comment by DanGood38on Aug 02, 2022 10:02pm
129 Views
Post# 34867186

RE:RE:Doubling down

RE:RE:Doubling downNo I did not get a response. But the dividend announcement today was a good sign that management is agreeable to return capital to shareholders when their return on capital is close to zero. I'm thinking I might contact the ASC about how they are allowed to buy more public shares without having to make a bid for all of the shares. Taking a legal course of action is rarely profitable.
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