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Bullboard - Stock Discussion Forum 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... see more

TSX:MRD - Post Discussion

Melcor Developments Ltd > Looming population boom
View:
Post by Hull534 on May 02, 2022 6:11pm

Looming population boom

https://edmontonjournal.com/news/local-news/developers-eyeing-multifamily-projects-ahead-of-looming-edmonton-population-boom

Affordability and employment . Whether it is generational or immigration driven . i think the fundementals for Melcor look good,
Comment by babybunny on May 03, 2022 10:19pm
Those hundreds of acres of raw land around Edmonton are bound to fetch more than what Melcor paid for them decades ago.  Plenty of great years to look forward to.
Comment by 314159 on Aug 17, 2022 10:57am
Right, land will sell for more. BUT I have been calculating how much more you need to sell land for to make a decent return when you have held it for many years. Melcor's problem has been that the gross margin on lots (Community Development) has been 40%. I calculated we need closer to 60% and the company has not refuted my calculation.
Melcor Developments Ltd