Fantastic company I can't believe MRD is trading at just over 4x earnings. This is a rock-solid company that has a prime portfolio of land that is ready for dvelopment. Debt is well managed and their earnings growth will definitely accelerate with the robust Alberta economy. With earnings growth will come nice dividend increases
I have also heard that their Jagare Ridge and Rosenthal developments in Edmonton are selling very fast... This should make for a great summer for Melcor.
I am in at just over $18/share.
Cheers,
solo