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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

Bullboard Posts
Comment by dangoodon May 30, 2016 2:00pm
273 Views
Post# 24916529

RE:What Stock Buyback?

RE:What Stock Buyback?It looks like they bought back 16000 shares of a potential 1.6 million. Not meaningful. I remember them trading at 50 cents on the dollar back in the late 1990's when they just got rid of most of the bank debt that was killing them. I wanted them to buy back shares but they didn't do it back then eithrr. It is the best investment you can make when your shares trade at 50 cents per dollar of value. No discussion necessary. Do the math.
Bullboard Posts