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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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(20)
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Post by fatcharlieon Mar 29, 2017 9:10am
256 Views
Post# 26045252

Another buyback

Another buybackStock is fundementally cheap because focus is on Alberta.  This company has been around for such a long time.  This is the second buyback which should push prices higher.
https://www.stockhouse.com/news/press-releases/2017/03/29/melcor-developments-ltd-announces-normal-course-issuer-bid

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities