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.
Looking out further back though, this has been one impressive performer and delivered returns well in excess of the indices.
The current sideways movement might have frustrated investors but we