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Genesis Land Development Corp T.GDC

Alternate Symbol(s):  GNLAF

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

Comment by Northforce13on Nov 12, 2021 12:10pm
142 Views
Post# 34120064

RE:Rights Offering

RE:Rights OfferingI dumped my shares.  Was extremely surprised and disappointed by this move from management.  

This "rights offering" smashed the book value down significantly, such that on a per share basis it will take several years to recover.  

Really wasn't happy about this.  Changed my perception of management in a large and negative way. 

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