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Melcor Developments Ltd
Symbol: MRD-T
Active: Y
Sector: Developers (Real Estate)
Last Price: 15.390
Last Price Date: 2012-05-23 21:06:50
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DON'T BUY	22.000	Dennis Mitchell, CFA	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.	2007-08-16

BUY	27.700	Dennis Mitchell, CFA	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.	2007-06-29

BUY	45.650	Michael Smedley	A cheap stock, which should go up.	2004-01-05