Buy, Sell or Hold: Melcor Developments Ltd (MRD-T) — Stock Predictions at Stockchase

TSE:MRD

13.68

0.05 (0.36%) 1d

Showing 1 to 5 of 5 entries

WATCH

He has been short. It is getting to a valuation where he is thinking about covering. Their problem was they were based in Calgary. It is starting to look interesting on a price to book basis. He is not quite sold on it yet. Their earnings are not going to turn around any time yet. He would not buy it, but he is covering shorts.

Developers (Real Estate)

DON'T BUY

Land and residential development, primarily in Alberta. This is not a REIT so something he would not be interested in. In an economic recovery, it would have tons of torque to the upside and leverage. Since he doesn't see this recovery it probably would not keep pace with the rest of the real estate sector in Canada.

Developers (Real Estate)

DON'T BUY

Primarily land banking and servicing land and having it annexed by Calgary. Slightly up the risk curve because they do have a small portfolio of assets that are cash flowing, but the bulk of the assets you are buying into is raw land that is non-cash flowing.

Developers (Real Estate)

BUY

Alberta and western Canada focused. Generally they own land around the city of Calgary and that land gets developed, serviced and then annexed to the city. Higher up the risk curve, but they have been able to generate tremendous results, both last year and this year. You aren't buying real-estate so much as the land and banking on the appreciation of the land in the annexation.

Developers (Real Estate)

BUY

A cheap stock, which should go up.

Developers (Real Estate)

Showing 1 to 5 of 5 entries

Melcor Developments Ltd(MRD-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Melcor Developments Ltd is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Melcor Developments Ltd(MRD-T) Frequently Asked Questions

What is Melcor Developments Ltd stock symbol?

Melcor Developments Ltd is a Canadian stock, trading under the symbol MRD-T on the Toronto Stock Exchange (MRD-CT). It is usually referred to as TSX:MRD or MRD-T

Is Melcor Developments Ltd a buy or a sell?

In the last year, there was no coverage of Melcor Developments Ltd published on Stockchase.

Is Melcor Developments Ltd a good investment or a top pick?

Melcor Developments Ltd was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Melcor Developments Ltd.

Why is Melcor Developments Ltd stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Melcor Developments Ltd worth watching?

0 stock analysts on Stockchase covered Melcor Developments Ltd In the last year. It is a trending stock that is worth watching.

What is Melcor Developments Ltd stock price?

On 2022-05-13, Melcor Developments Ltd (MRD-T) stock closed at a price of $13.68.

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