This summary was created by AI, based on 5 opinions in the last 12 months.
Melcor Developments Ltd (MRD-T) is a real estate developer operating in Western Canada and the US. Despite challenges such as inflation and high interest rates, the company has reported increasing cash reserves, debt reduction, and share buybacks. It trades at a low earnings multiple and under book value, with a dividend backed by a low payout ratio. The experts recommend a stop-loss at various levels, looking to achieve an upside potential of around 20%. Overall, the company is showing resilience and growth despite the challenging environment.
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.
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
In the last year, there was no coverage of Melcor Developments Ltd published on Stockchase.
Melcor Developments Ltd was recommended as a Top Pick by on . Read the latest stock experts ratings for Melcor Developments Ltd.
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.
0 stock analysts on Stockchase covered Melcor Developments Ltd In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Melcor Developments Ltd (MRD-T) stock closed at a price of $11.49.
We reiterate MRD as a TOP PICK. Despite a challenging environment with inflation and high interest rates, the company is seeing good development in the Calgary marketplace and in Colorado. Recent quarterly earnings showed cash reserves growing once again, with debt being retired and shares bought back. It trades at 5x earnings and under book value. The dividend is covered by a payout ratio under 25% of cash flow. We continue to recommend a stop at $10.75, looking to achieve $14.00 -- upside potential of 21%. Yield 5.4%
(Analysts’ price target is $14.00)