Q: What are your current thoughts on Melcor Developments for adding to a TFSA? It has been a while since a question was asked.
5i Research Answer:
MRD is a decent enough company, but its yield is relativelty low, it is a thin trader, is small, not cheap, and highly focused in Alberta. The stock is down 9% in the past six years. We think, for an income stock, there are better, safer choices with higher yields (CAR.UN for example).