Melcor Developments Ltd T.MRD

Q2 out and the rest of the year look strong

[Marley66]

Q2 was good because of lots sales in the US. In the mean time, the company continue to reward shareholders with the 16 cents quarterly dividend and with my great pleasure, shares buyback from the NCIB.

during the second quarter they increase spending on projects development that will certainly increase in value as went it will be completed. 

I don't expect any special dividend or a offer for privatization.

current share price of the company is to cheap and management of the Melcor knows it!

High interest rate never help Real estate development, but I know that eventually will have lower rates resulting in higher profits for Melcor.

In the mean time I receive the record quarterly dividend in the company history and I know that share price will eventually perform accordingly!

[longrun86]

The issue in my mind is that the valuation gap between the book value of the equity and the market price is EXTREME. The company currently trades at 0.30x the book value of the equity. This is a very unhealth valuation disconnect. Melcor has traded at this discount for quite a while now and say what you want about market participants not wanting to invest in Alberta, the reality of the

[Marley66]

Well said Longrun generaly when a stock trade at 30% of book value mean's that the company is in trouble. When we look at results of the fist haft of this year, interest charges are we higher then last year because of the obvious...higher interest rates. At the very least, Melcor debit is layered and probably can manage these higher interest rates for the next couple of years. Specially

[babybunny]

Good to run into another like-minded investor, Marley66.  I find immense satisfaction knowing the Captain will be lashed to the mast should his ship slip beneath the waves.  I have nothing against captains; this just makes shipwrecks less likely.  The only company on your list that I own is Hammond Manufacturing.  I have been patiently building that position for well over ten

[Debbdee]

I own similar stocks. GDL is a favorite. I am happily holding Melcor. 

[Thor16]

I often see the trucks with GDL advertising around.  If you don't mind my asking what others are you currently interested in which are similar? Thank you.