Melcor released earnings this morning. At a quick look I think the earnings are good and the outlook positive. The headline numbers show a drop in earnings due to the costs of setting up the REIT. However I agree with the company that the adjusted earnings that show an increase in earnings per share are more relevant.
I added modestly to my Melcor position this morning.
With Toll Brothers down the last few days I also decided to pull the trigger and add modestly to my Toll Brothers position this morning.
A few subscribers have asked about Liquor Stores N.A. where the share price has declined noticeably after an earnings release. I have taken a preliminary look at the earnings release but have not yet ran the numbers, which I plan to do. I am inclined to Buy at this price. The earnings release did show some some negative items on an adjusted basis and seemed to indicate the next year had some headwinds. But I suspect that the company will continue to do well in the long term.
Bombardier preferred shares have declined partly due to higher interest rates and partly due to operational issues at the company. These shares do face risks if interest rates rise. Also bigger risk if the company were to really falter badly. But the yield seems attractive at this time and I would be comfortable buying these.