January 11, 2019 - 6:53 PM EST
Melcor's Buybacks Provide Low Risk Entry Point For 4% Yielder

Melcor's Buybacks Provide Low Risk Entry Point For 4% Yielder

Melcor Developments (OTCPK:MODVF) is a diversified real estate development and asset management company with operations primarily in Alberta. It has been around since 1923 and paid dividends for over 40 consecutive years. The stock got hit hard after the oil price crash in 2014 and has been a big disappointment for investors.

MRD data by YCharts

Looking out further back though, this has been one impressive performer and delivered returns well in excess of the indices.

MRD Total Return Price data by YCharts

The current sideways movement might have frustrated investors but we

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Source: SeekingAlpha (January 11, 2019 - 6:53 PM EST)