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Genesis Land Development Corp T.GDC

Alternate Symbol(s):  GNLAF

Consumer Cyclical Advertising Agencies
Genesis Land Development Corp. is a Canada-based integrated land developer and residential home builder. The Corporation is engaged in the acquisition, development and sale of land, residential lots and homes in the greater Calgary area. It operates through two segments: land development and home building. As a land developer, Genesis acquires, plans, rezones, subdivides, services and sells residential lots and commercial and industrial lands to third party developers and builders, and sells lots and completed homes through a wholly owned subsidiary, Genesis Builders Group Inc. (GBG), its home building division. The land portfolio is planned, developed, serviced and sold as single-family lots and townhouses, multi-family and commercial parcels. It designs, builds and sells homes on a significant portion of its single-family lots and townhouse land parcels. It also acquires single-family lots from other land developers to build and sell single-family homes in additional CMA communities.


TSX:GDC - Post by User

Genesis Land Development Corp
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Post by schocoron May 26, 2021 1:16pm
230 Views
Post# 33268461

This Stock Seems Interesting (aka cheap)

This Stock Seems Interesting (aka cheap) Admittedly, I do not know a tone about housing development stocks. This one is on my radar now. I think it looks cheap, and has the potential to re-rate at a higher price once the NEXT quarterly statement is out. Calgary real estate is HOT y'all and this company has almost all their eggs in that basket. $2.65 looks cheap, hoping to buy it at $2.4 over the next two months.
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