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Melcor Developments Ltd T.MRD

Alternate Symbol(s):  MODVF

Melcor Developments Ltd. is a diversified real estate development and asset management company The Company develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. The Company operates in four segments: Land, Properties, REIT, and Golf. The Land segment is responsible for purchasing and developing land to be sold as residential, industrial and commercial lots. The Properties segment owns approximately 24 leasable commercial, retail and residential properties and other rental income producing assets, such as parking lots and land leases. The REIT segment owns approximately 38 leasable commercial and retail properties and other rental income producing assets, such as residential property, parking lots and land leases. The Golf segment owns and manages three 18-hole golf course operations (one of which is 60% owned) and has a 50% ownership interest in one 18-hole golf course.


TSX:MRD - Post by User

Melcor Developments Ltd
Bullboard Posts
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(3)
•••
Post by dangoodon Aug 07, 2019 12:13pm
287 Views
Post# 30002352

Things just got worse

Things just got worseShares now trade at less than 40 cents on the dollar. Cut the dividend. No shares being bought back. CEO makes $1 million per year to manage this puppy? At less than 40 cents they are better off monetizing their assets , paying off their debt, and giving money back to shareholders to invest themselves. The only developments I see are for shopping malls. An ugly business?
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities