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MRCBF - Morguard: Still Cheap And Poised To Deliver
Morguard Corp
Note: All amounts discussed for Morguard Corp are in Canadian dollars.
Morguard Corporation (OTC:MRCBF) is one of Canada's best real estate and asset management companies. It has been our favorite for a long time due to an exceptional management team and hugely aligned interests. The stock though has been dead in the water for the last 12 months while many real estate companies have rallied. We decided to check in and see if the thesis had changed since we last examined the company.