This report is for educational purposes only, and not to provide investment advice.  Before making any investment decision, you should always do your own research or consult a investment professional. Estimates Estimates Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet.
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Melcor Developments Inc TSX: MRD OTC: MODVF https://www.melcor.ca/ Fiscal Yr: Dec 31
Year 12/31/11 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 12/31/26 Value Description #Y Item Total G
Accounting Rules IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
split
Cost of Sales $162.1 $168.9 $162.9 $142.7 $134.0 $141.6 $142.2 $111.2 $128.6 $175.5 $123.5 $172.9 2.35% <-Total Growth 10 Cost of Sales
Change 4.18% -3.59% -12.40% -6.04% 5.62% 0.45% -21.82% 15.66% 36.47% -29.64% 40.01% -1.57% <-Median-> 10 Change
Ratio of Revenue 0.59 0.56 0.52 0.54 0.55 0.55 0.53 0.53 0.57 0.56 0.51 0.55 0.55 <-Median-> 10 Ratio of Revenue
Revenue* $220.3 $274.9 $303.7 $313.0 $263.3 $242.5 $258.0 $267.4 $208.0 $226.8 $315.6 $241.7 $315.2 $292.0 $287.0 3.79% <-Total Growth 10 Revenue
Increase 14.15% 24.77% 10.48% 3.05% -15.88% -7.92% 6.39% 3.68% -22.23% 9.06% 39.15% -23.41% 30.40% -7.37% -1.71% 0.37% <-IRR #YR-> 10 Revenue 3.79%
5 year Running Average $173.1 $186.7 $225.7 $261.0 $275.1 $279.5 $276.1 $268.8 $247.8 $240.5 $255.2 $251.9 $261.5 $278.3 $290.3 3.34% <-IRR #YR-> 5 Revenue 17.88%
Revenue per Share $7.34 $9.11 $9.88 $9.45 $7.92 $7.27 $7.66 $8.02 $6.26 $6.83 $9.58 $7.74 $10.28 $9.52 $9.36 1.48% <-IRR #YR-> 10 5 yr Running Average 15.84%
Increase 14.44% 24.16% 8.51% -4.38% -16.18% -8.24% 5.32% 4.74% -21.95% 9.06% 40.27% -19.21% 32.89% -7.37% -1.71% -0.55% <-IRR #YR-> 5 5 yr Running Average -2.73%
5 year Running Average $5.71 $6.20 $7.45 $8.44 $8.74 $8.73 $8.44 $8.06 $7.43 $7.21 $7.67 $7.68 $8.14 $8.79 $9.30 0.39% <-IRR #YR-> 10 Revenue per Share 4.01%
P/S (Price/Sales) Med 1.87 1.64 1.87 2.49 2.00 2.14 2.02 1.75 2.05 1.37 1.25 1.78 1.13 1.21 0.00 5.09% <-IRR #YR-> 5 Revenue per Share 28.19%
P/S (Price/Sales) Close 1.80 1.73 2.03 2.08 1.84 1.99 2.00 1.53 2.13 1.38 1.49 1.38 1.10 1.21 1.23 0.88% <-IRR #YR-> 10 5 yr Running Average 9.20%
*Revenue in M CDN $  P/S Med 20 yr  1.87 15 yr  1.87 10 yr  1.89 5 yr  1.37 -36.16% Diff M/C 0.18% <-IRR #YR-> 5 5 yr Running Average 0.89%
-$303.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $315.2
-$267.4 $0.0 $0.0 $0.0 $0.0 $315.2
-$225.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $261.5
-$268.8 $0.0 $0.0 $0.0 $0.0 $261.5
Funds From Operations $54.0 $66.9 $57.9 $85.5 $54.3 $42.56 $59.0 $56.1 $38.3 $51.4 $81.3 $60.9 $84.5 45.97% <-Total Growth 10 Funds From Operations
FFO per Share Calc. $1.79 $2.22 $1.90 $2.70 $1.64 $1.28 $1.77 $1.68 $1.15 $1.55 $2.46 $1.88 $2.73 FFO per Share
FFO* $1.79 $2.22 $1.90 $2.70 $1.64 $1.28 $1.77 $1.68 $1.15 $1.55 $2.46 $1.88 $2.73 $2.73 <-12 mths 43.68% <-Total Growth 10 FFO
Increase -2.72% 24.02% -14.41% 42.11% -39.26% -21.95% 38.28% -5.08% -31.55% 34.78% 58.71% -23.58% 45.21% 0.00% <-12 mths 10 0 10 Years of Data, EPS P or N 100.00%
FFO Yield 14.10% 9.48% 13.74% 11.26% 8.83% 11.57% 13.67% 8.63% 16.45% 17.28% 17.65% 24.25% 23.76% <-12 mths 3.69% <-IRR #YR-> 10 FFO 43.68%
5 year Running Average $2.09 $2.05 $1.95 $1.86 $1.81 $1.50 $1.49 $1.72 $1.74 $1.95 $2.27 <-12 mths 10.20% <-IRR #YR-> 5 FFO 62.50%
Payout Ratio 22.35% 20.27% 26.32% 21.48% 36.59% 37.50% 29.38% 30.95% 43.48% 21.94% 17.89% 30.85% 23.44% 16.12% <-12 mths -0.74% <-IRR #YR-> 9 5 yr Running Average #DIV/0!
5 year Running Average 26.60% 29.56% 31.93% 34.23% 29.77% 34.84% 31.76% 26.95% 27.29% 25.59% 21.50% <-12 mths 1.50% <-IRR #YR-> 5 5 yr Running Average 7.72%
Price/FFO Median 7.65 6.72 9.75 8.73 9.65 12.13 8.72 8.36 11.15 6.05 4.86 7.33 4.26 4.22 <-12 mths 8.54 <-Median-> 10 Price/FFO Median
Price/FFO High 9.22 7.23 10.89 10.15 11.77 15.08 9.54 9.46 12.17 8.48 6.16 9.44 4.48 4.36 <-12 mths 9.50 <-Median-> 10 Price/FFO High
Price/FFO Low 6.07 6.22 8.60 7.31 7.54 9.19 7.90 7.26 10.13 3.61 3.56 5.23 4.04 4.08 <-12 mths 7.28 <-Median-> 10 Price/FFO Low
Price/FFO Close 7.36 7.09 10.55 7.28 8.88 11.33 8.64 7.32 11.58 6.08 5.79 5.66 4.12 4.21 <-12 mths 7.30 <-Median-> 10 Price/FFO Close
Trailing P/FFO Close 7.16 8.80 9.03 10.34 5.39 8.84 11.95 6.94 7.93 8.19 9.19 4.33 5.99 4.21 <-12 mths 8.06 <-Median-> 10 Trailing P/FFO Close
Median Values DPR 10 Yrs 30.11% 5 Yrs   23.44% P/CF 5 Yrs   in order 6.05 8.48 4.04 5.79 -30.38% Diff M/C -50.72% Diff M/C 10 DPR 75% to 95% best
* Funds From Operations
-$1.90 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.73
-$1.68 $0.00 $0.00 $0.00 $0.00 $2.73
-$2.09 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.95
-$1.81 $0.00 $0.00 $0.00 $0.00 $1.95
Difference Basic and Diluted 4.81% 5.73% 5.86% 3.77% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.36% 0.49% 0.00% <-Median-> 10 Difference Basic and Diluted
EPS Basic $2.70 $3.49 $3.24 $3.18 $2.29 $1.04 $1.15 $1.92 $1.13 $0.34 $1.70 $2.75 $2.04 -37.04% <-Total Growth 10 EPS Basic
EPS Diluted* $2.57 $3.29 $3.05 $3.06 $2.29 $1.04 $1.15 $1.92 $1.13 $0.34 $1.70 $2.74 $2.03 $1.79 $1.81 -33.44% <-Total Growth 10 EPS Diluted
Increase 73.65% 28.02% -7.29% 0.33% -25.16% -54.59% 10.58% 66.96% -41.15% -69.91% 400.00% 61.18% -25.91% -11.82% 1.12% 10 0 10 Years of Data, EPS P or N 100.00%
Earnings Yield 19.5% 20.9% 15.2% 15.6% 15.7% 7.2% 7.5% 15.6% 8.5% 3.6% 11.9% 25.7% 18.0% 15.6% 15.8% -3.99% <-IRR #YR-> 10 Earnings per Share -33.44%
5 year Running Average $1.63 $1.88 $2.23 $2.69 $2.85 $2.55 $2.12 $1.89 $1.51 $1.12 $1.25 $1.57 $1.59 $1.72 $2.01 1.12% <-IRR #YR-> 5 Earnings per Share 5.73%
10 year Running Average $1.33 $1.58 $1.83 $2.07 $2.17 $2.09 $2.00 $2.06 $2.10 $1.98 $1.90 $1.84 $1.74 $1.61 $1.57 -3.35% <-IRR #YR-> 10 5 yr Running Average -28.85%
* Diluted ESP per share  E/P 10 Yrs 13.76% 5Yrs 11.94% -3.44% <-IRR #YR-> 5 5 yr Running Average -16.07%
-$3.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.03
-$1.92 $0.00 $0.00 $0.00 $0.00 $2.03
-$2.23 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.59
-$1.89 $0.00 $0.00 $0.00 $0.00 $1.59
Dividend* $0.44 $0.48 Estimates Dividend*
Increase  -31.25% 9.09% Estimates Increase 
Payout Ratio EPS 24.58% 26.52% Estimates Payout Ratio EPS
My dividends extra $0.50
My dividends  $0.50 $0.48
Pre-split '06 Pre-split '06
Special Dividend $0.00 $0.00 $0.50 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends
Pre-split '06 Pre-split '06
Dividend* $0.40 $0.45 $0.50 $0.58 $0.60 $0.48 $0.52 $0.52 $0.50 $0.34 $0.44 $0.58 $0.64 $0.44 $0.44 $0.44 28.00% <-Total Growth 10 Div Reg
Increase Reg 14.29% 12.50% 11.11% 16.00% 3.45% -20.00% 8.33% 0.00% -3.85% -32.00% 29.41% 31.82% 10.34% -31.25% 0.00% 0.00% 23 5 33 Years of data, Count P, N 69.70%
Average Increases 5 Year Running 10.43% 6.26% 7.48% 18.78% 11.47% 4.61% 3.78% 1.56% -2.41% -9.50% 0.38% 5.08% 7.15% 1.66% 8.06% 2.18% 4.20% <-Median-> 10 Average Incr 5 Year Running
Dividends 5 Yr Running $0.36 $0.37 $0.49 $0.56 $0.61 $0.62 $0.64 $0.54 $0.52 $0.47 $0.46 $0.48 $0.50 $0.49 $0.51 $0.51 2.04% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 2.92% 3.02% 2.70% 2.46% 3.79% 3.09% 3.37% 3.70% 3.90% 3.63% 3.68% 4.21% 5.50% 3.82% 3.69% <-Median-> 10 Yield H/L Price Item
Yield on High  Price 2.42% 2.81% 2.42% 2.12% 3.11% 2.49% 3.08% 3.27% 3.57% 2.59% 2.90% 3.27% 5.23% 3.70% 3.09% <-Median-> 10 Yield on High  Price EPS
Yield on Low Price 3.68% 3.26% 3.06% 2.94% 4.85% 4.08% 3.72% 4.27% 4.29% 6.07% 5.03% 5.90% 5.80% 3.95% 4.57% <-Median-> 10 Yield on Low Price FFO
Yield on Close Price 3.04% 2.86% 2.49% 2.95% 4.12% 3.31% 3.40% 4.23% 3.75% 3.61% 3.09% 5.45% 5.68% 3.83% 3.83% 3.83% 3.68% <-Median-> 10 Yield on Close Price CFPS
Payout Ratio EPS 15.56% 13.68% 32.79% 18.95% 26.20% 46.15% 45.22% 27.08% 44.25% 100.00% 25.88% 21.17% 31.53% 24.58% 24.31% #DIV/0! 29.31% <-Median-> 10 DPR EPS FCF 
DPR EPS 5 Yr Running 22.39% 19.85% 21.95% 20.67% 21.25% 24.43% 30.03% 28.54% 34.79% 42.29% 37.18% 30.40% 31.49% 28.37% 25.22% #DIV/0! 30.21% <-Median-> 10 DPR EPS 5 Yr Running
Payout Ratio CFPS 220.10% 38.71% 47.53% 27.57% 60.36% 23.20% 236.54% 56.25% 53.20% 21.27% 19.92% 98.76% 40.21% 27.64% 46.70% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 200.30% 32.17% 23.29% 26.43% 60.96% 30.07% 289.31% 58.41% 55.75% 29.52% 21.00% 81.05% 31.41% 30.66% 43.58% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 22.24% 20.29% 53.92% 23.13% 38.11% 39.76% 30.43% 32.07% 45.41% 22.31% 18.02% 31.09% 23.28% 16.01% 30.76% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 20.24% 16.86% 26.42% 22.17% 38.49% 51.52% 37.21% 33.30% 47.59% 30.97% 19.01% 25.51% 18.19% 17.75% 32.14% <-Median-> 10 DPR CF WC 5 Yr Running
Median 5 Yrs 10 Yr Med 10 Yr Cl 3.69% 3.68% 5 Yr Med 5 Yr Cl 3.90% 3.75% 5 Yr Med Payout 31.53% 40.21% 23.28% 4.24% <-IRR #YR-> 5 Dividends 23.08%
* Dividends per share  10 Yr Med and Cur. 3.72% 4.02% 5 Yr Med and Cur. -1.78% 2.02% Last Div Inc ---> $0.16 $0.11 -31.25% 2.50% <-IRR #YR-> 10 Dividends 28.00%
Dividends Growth 15 2.85% <-IRR #YR-> 15 Dividends 76.00%
Dividends Growth 20 9.20% <-IRR #YR-> 20 Dividends 481.82%
Dividends Growth 25 10.74% <-IRR #YR-> 25 Dividends 1180.00%
Dividends Growth 30 12.25% <-IRR #YR-> 30 Dividends
Dividends Growth 35 13.43% <-IRR #YR-> 33 Dividends
Dividends Growth 5 -$0.52 $0.00 $0.00 $0.00 $0.00 $0.64 Dividends Growth 5
Dividends Growth 10 -$0.50 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.64 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.64 Dividends Growth 15
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.64 Dividends Growth 20
Dividends Growth 25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.64 Dividends Growth 25
Dividends Growth 30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.64 Dividends Growth 30
Dividends Growth 35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.64 Dividends Growth 35
Historical Dividends Historical High Div 6.14% Low Div 1.33% 10 Yr High 6.05% 10 Yr Low 2.15% Med Div 2.94% Close Div 2.93% Historical Dividends
High/Ave/Median Values Curr diff Exp. -37.63%     187.93% Exp. -36.70% 78.11% Cheap 30.25% Cheap 30.91% High/Ave/Median 
Future Dividend Yield Div Yd 4.71% earning in 5 Years at IRR of 4.24% Div Inc. 23.08% Future Dividend Yield
Future Dividend Yield Div Yd 5.80% earning in 10 Years at IRR of 4.24% Div Inc. 51.48% Future Dividend Yield
Future Dividend Yield Div Yd 7.14% earning in 15 Years at IRR of 4.24% Div Inc. 86.44% Future Dividend Yield
Future Dividend Paid Div Paid $0.54 earning in 5 Years at IRR of 4.24% Div Inc. 23.08% Future Dividend Paid
Future Dividend Paid Div Paid $0.67 earning in 10 Years at IRR of 4.24% Div Inc. 51.48% Future Dividend Paid
Future Dividend Paid Div Paid $0.82 earning in 15 Years at IRR of 4.24% Div Inc. 86.44% Future Dividend Paid
Dividend Covering Cost Total Div $2.39 over 5 Years at IRR of 4.24% Div Cov. 20.84% Dividend Covering Cost
Dividend Covering Cost Total Div $4.80 over 10 Years at IRR of 4.24% Div Cov. 41.78% Dividend Covering Cost
Dividend Covering Cost Total Div $7.76 over 15 Years at IRR of 4.24% Div Cov. 67.55% Dividend Covering Cost
I am earning GC Div Gr 76.00% 2/8/08 # yrs -> 15 2008 $17.38 Cap Gain -33.89% I am earning GC
I am earning Div org yield 1.44% 2/29/16 Trading Div G Yrly 7.26% Div start $0.25 -1.44% 2.53% I am earning Div
I am earning GC Div Gr 76.00% 4/8/08 # yrs -> 15 2008 $15.94 Cap Gain -27.92% I am earning GC
I am earning Div org yield 1.57% 29-Feb-16 Pension Div G Yrly 7.42% Div start $0.25 -1.57% 2.76% I am earning Div
Item
Yield if held 5 years 2.37% 1.92% 4.33% 7.49% 4.77% 3.51% 3.49% 2.81% 2.12% 2.15% 2.83% 3.76% 4.56% 3.43% 4.70% 3.68% 3.50% <-Median-> 10 Paid Median Price Revenue Growth 
Yield if held 10 years 16.49% 13.04% 11.76% 11.66% 7.02% 2.84% 2.21% 4.50% 6.46% 2.70% 3.22% 3.89% 3.46% 1.87% 2.78% 2.83% 3.67% <-Median-> 10 Paid Median Price FFO Growth
Yield if held 15 years 32.13% 28.08% 27.03% 32.40% 32.21% 19.79% 15.07% 12.24% 10.05% 3.98% 2.61% 2.47% 5.54% 5.68% 3.50% 3.22% 11.14% <-Median-> 10 Paid Median Price Net Income Growth
Yield if held 20 years 36.70% 42.35% 41.67% 53.33% 59.26% 38.55% 32.45% 28.11% 27.93% 18.26% 18.14% 16.81% 15.06% 8.84% 5.15% 2.61% 28.02% <-Median-> 10 Paid Median Price Cash Flow Growth
Yield if held 25 years 65.93% 44.04% 48.94% 43.33% 45.98% 33.58% 35.34% 36.19% 34.59% 24.58% 23.62% 18.14% 43.33% <-Median-> 9 Paid Median Price Dividend Growth
Yield if held 30 years 37.36% 40.37% 54.59% 53.33% 40.46% 43.46% 35.34% 46.85% <-Median-> 4 Paid Median Price Stock Price Growth
Yield if held 35 years 48.35% 40.37%
Revenue Growth 
Cost covered if held 5 years 10.79% 7.96% 21.19% 35.92% 24.10% 22.73% 21.31% 14.58% 11.12% 14.91% 14.94% 15.42% 17.80% 19.03% 27.11% 21.26% 16.61% <-Median-> 10 Paid Median Price FFO Growth
Cost covered if held 10 years 111.34% 88.41% 92.71% 88.44% 55.56% 29.21% 21.50% 44.55% 69.77% 42.86% 39.68% 37.27% 28.08% 21.47% 30.95% 31.29% 41.27% <-Median-> 10 Paid Median Price Net Income Growth
Cost covered if held 15 years 302.01% 237.75% 251.89% 283.80% 295.84% 239.59% 180.58% 156.24% 141.11% 83.16% 42.96% 31.63% 66.18% 101.29% 63.06% 58.24% 148.67% <-Median-> 10 Paid Median Price Cash Flow Growth
Cost covered if held 20 years 379.82% 425.41% 454.17% 547.13% 643.95% 551.81% 436.19% 397.84% 430.17% 422.55% 335.26% 249.57% 215.06% 190.15% 112.87% 58.01% 426.36% <-Median-> 10 Paid Median Price Dividend Growth
Cost covered if held 25 years 746.15% 665.14% 724.71% 679.17% 788.05% 877.04% 738.15% 584.71% 532.97% 566.48% 558.93% 440.00% 724.71% <-Median-> 9 Paid Median Price Stock Price Growth
Cost covered if held 30 years 1005.49% 877.98% 948.71% 887.50% 1012.41% 1127.90% 942.17% 918.10% <-Median-> 4 Paid Median Price
Cost covered if held 35years 1284.62% 1111.01%
Yr  Item Tot. Growth
Revenue Growth  $267.4 $208.0 $226.8 $315.6 $241.7 $315.2 17.88% <-Total Growth 5 Revenue Growth  17.88%
FFO Growth $1.68 $1.15 $1.55 $2.46 $1.88 $2.73 62.50% <-Total Growth 5 FFO Growth 62.50%
Net Income Growth $64.3 $37.7 $11.5 $56.3 $89.4 $63.0 -2.01% <-Total Growth 5 Net Income Growth -2.01%
Cash Flow Growth $30.8 $31.2 $53.1 $72.8 $18.4 $48.8 58.33% <-Total Growth 5 Cash Flow Growth 58.33%
Dividend Growth $0.52 $0.50 $0.34 $0.44 $0.58 $0.64 $0.44 <-12 mths -31.25% 23.08% <-Total Growth 5 Dividend Growth 23.08%
Stock Price Growth $12.29 $13.32 $9.42 $14.24 $10.65 $11.26 $11.49 <-12 mths 2.04% -8.38% <-Total Growth 5 Stock Price Growth -8.38%
Revenue Growth  $303.7 $313.0 $263.3 $242.5 $258.0 $267.4 $208.0 $226.8 $315.6 $241.7 $315.2 $292 <-this year -7.37% 3.79% <-Total Growth 10 Revenue Growth  3.79%
FFO Growth $1.90 $2.70 $1.64 $1.28 $1.77 $1.68 $1.15 $1.55 $2.46 $1.88 $2.73 43.68% <-Total Growth 10 FFO Growth 43.68%
Net Income Growth $98.7 $100.7 $76.0 $34.4 $38.5 $64.3 $37.7 $11.5 $56.3 $89.4 $63.0 $55 <-this year -12.67% -36.17% <-Total Growth 10 Net Income Growth -36.17%
Cash Flow Growth $64.7 $69.7 $33.0 $69.0 $7.4 $30.8 $31.2 $53.1 $72.8 $18.4 $48.8 -24.51% <-Total Growth 10 Cash Flow Growth -24.51%
Dividend Growth $0.50 $0.58 $0.60 $0.48 $0.52 $0.52 $0.50 $0.34 $0.44 $0.58 $0.64 $0.44 <-this year -31.25% 28.00% <-Total Growth 10 Dividend Growth 28.00%
Stock Price Growth $20.05 $19.65 $14.56 $14.50 $15.30 $12.29 $13.32 $9.42 $14.24 $10.65 $11.26 $14.00 <-this year 24.33% -43.84% <-Total Growth 10 Stock Price Growth -43.84%
Dividends on Shares $29.00 $30.00 $24.00 $26.00 $26.00 $25.00 $17.00 $22.00 $29.00 $32.00 $22.00 $22.00 $22.00 $260.00 No of Years 10 Total Dividends 12/31/13
Paid  $1,002.50 $982.50 $728.00 $725.00 $765.00 $614.50 $666.00 $471.00 $712.00 $532.50 $563.00 $574.50 $574.50 $574.50 $563.00 No of Years 10 Worth $20.05
Total $823.00 Total
Graham No. FFO $28.34 $33.81 $32.71 $40.66 $32.95 $29.31 $34.53 $34.79 $29.00 $33.63 $43.30 $39.94 $49.23 $49.23 #VALUE! $0.00 50.48% <-Total Growth 10 Graham Price FFO
Price/GP Ratio Med 0.48 0.44 0.57 0.58 0.48 0.53 0.45 0.40 0.44 0.28 0.28 0.35 0.24 0.23 0.42 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 0.58 0.47 0.63 0.67 0.59 0.66 0.49 0.46 0.48 0.39 0.35 0.44 0.25 0.24 0.47 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.38 0.41 0.50 0.49 0.38 0.40 0.40 0.35 0.40 0.17 0.20 0.25 0.22 0.23 0.36 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 0.46 0.47 0.61 0.48 0.44 0.49 0.44 0.35 0.46 0.28 0.33 0.27 0.23 0.23 0.40 <-Median-> 10 Price/GP Ratio
Prem/Disc Close -53.52% -53.42% -38.71% -51.68% -55.82% -50.53% -55.69% -64.67% -54.08% -71.99% -67.11% -73.33% -77.13% -76.66% #VALUE! #DIV/0! -60.24% <-Median-> 10 Graham Price
Graham No. EPS $33.95 $41.16 $41.45 $43.29 $38.94 $26.42 $27.83 $37.19 $28.75 $15.75 $35.99 $48.22 $42.45 $39.86 $40.08 $0.00 2.41% <-Total Growth 10 Graham Price EPS
Price/GP Ratio Med 0.40 0.36 0.45 0.54 0.41 0.59 0.55 0.38 0.45 0.59 0.33 0.29 0.27 0.29 0.43 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 0.49 0.39 0.50 0.63 0.50 0.73 0.61 0.43 0.49 0.83 0.42 0.37 0.29 0.30 0.49 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.32 0.34 0.39 0.46 0.32 0.45 0.50 0.33 0.41 0.36 0.24 0.20 0.26 0.28 0.34 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 0.39 0.38 0.48 0.45 0.37 0.55 0.55 0.33 0.46 0.60 0.40 0.22 0.27 0.29 0.29 #DIV/0! 0.42 <-Median-> 10 Price/GP Ratio
Prem/Disc Close -61.21% -61.74% -51.63% -54.61% -62.61% -45.11% -45.03% -66.95% -53.67% -40.19% -60.44% -77.91% -73.47% -71.17% -71.33% #DIV/0! -57.52% <-Median-> 10 Graham Price
Price Close $13.17 $15.75 $20.05 $19.65 $14.56 $14.50 $15.30 $12.29 $13.32 $9.42 $14.24 $10.65 $11.26 $11.49 $11.49 $11.49 -43.84% <-Total Growth 10 Stock Price
Increase -11.31% 19.59% 27.30% -2.00% -25.90% -0.41% 5.52% -19.67% 8.38% -29.28% 51.17% -25.21% 5.73% 2.04% 0.00% 0.00% 7.33 <-Median-> 10 CAPE (10 Yr P/E)
P/E 5.12 4.79 6.57 6.42 6.36 13.94 13.30 6.40 11.79 27.71 8.38 3.89 5.55 6.42 6.35 #DIV/0! -1.74% <-IRR #YR-> 5 Stock Price -8.38%
Trailing P/E 8.90 6.13 6.09 6.44 4.76 6.33 14.71 10.69 6.94 8.34 41.88 6.26 4.11 5.66 6.42 6.35 -5.61% <-IRR #YR-> 10 Stock Price -43.84%
CAPE (10 Yr P/E) 8.11 7.56 7.39 7.22 7.03 7.11 7.19 7.35 7.31 7.46 7.86 7.82 7.77 7.88 7.92 #DIV/0! 2.45% <-IRR #YR-> 5 Price & Dividend 7.52%
Median 10, 5 Yrs D.  per yr 3.35% 4.19% % Tot Ret -148.56% 170.77% T P/E $6.69 $6.94 P/E:  $7.40 $8.38 -2.26% <-IRR #YR-> 10 Price & Dividend -43.14%
Price 15 D.  per yr 7.73% % Tot Ret 55.56% CAPE Diff -12.44% 6.18% <-IRR #YR-> 15 Stock Price 145.85%
Price  20 D.  per yr 6.29% % Tot Ret 57.86% 4.58% <-IRR #YR-> 20 Stock Price 144.78%
Price  25 D.  per yr 8.38% % Tot Ret 52.39% 7.61% <-IRR #YR-> 25 Stock Price 525.56%
Price  30 D.  per yr 9.45% % Tot Ret 54.47% 7.90% <-IRR #YR-> 30 Stock Price
Price  35 D.  per yr 8.58% % Tot Ret 51.87% 7.96% <-IRR #YR-> 33 Stock Price
Price & Dividend 15 13.91% <-IRR #YR-> 15 Price & Dividend 784.28%
Price & Dividend 20 10.86% <-IRR #YR-> 20 Price & Dividend 1071.74%
Price & Dividend 25 15.98% <-IRR #YR-> 25 Price & Dividend 4390.56%
Price & Dividend 30 17.35% <-IRR #YR-> 30 Price & Dividend
Price & Dividend 35 16.53% <-IRR #YR-> 33 Price & Dividend
Price  5 -$12.29 $0.00 $0.00 $0.00 $0.00 $11.26 Price  5
Price 10 -$20.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $11.26 Price 10
Price & Dividend 5 -$12.29 $0.50 $0.34 $0.44 $0.58 $11.90 Price & Dividend 5
Price & Dividend 10 -$20.05 $0.58 $0.60 $0.48 $0.52 $0.52 $0.50 $0.34 $0.44 $0.58 $11.90 Price & Dividend 10
Price 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $11.26 Price 15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $11.26 Price  20
Price  25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $11.26 Price  25
Price  30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $11.26 Price  30
Price  35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $11.26 Price  35
Price & Dividend 15 $0.40 $0.45 $1.00 $0.58 $0.60 $0.48 $0.52 $0.52 $0.50 $0.34 $0.44 $0.58 $11.90 Price & Dividend 15
Price & Dividend 20 $0.40 $0.45 $1.00 $0.58 $0.60 $0.48 $0.52 $0.52 $0.50 $0.34 $0.44 $0.58 $11.90 Price & Dividend 20
Price & Dividend 25 $0.40 $0.45 $1.00 $0.58 $0.60 $0.48 $0.52 $0.52 $0.50 $0.34 $0.44 $0.58 $11.90 Price & Dividend 25
Price & Dividend 30 $0.40 $0.45 $1.00 $0.58 $0.60 $0.48 $0.52 $0.52 $0.50 $0.34 $0.44 $0.58 $11.26 Price & Dividend 30
Price & Dividend 35 $0.40 $0.45 $1.00 $0.58 $0.60 $0.48 $0.52 $0.52 $0.50 $0.34 $0.44 $0.58 $11.26 Price & Dividend 35
Price Median H/L $13.69 $14.92 $18.52 $23.57 $15.83 $15.53 $15.44 $14.05 $12.83 $9.37 $11.95 $13.79 $11.64 $11.53 -37.15% <-Total Growth 10 Stock Price
Increase 8.83% 9.02% 24.13% 27.24% -32.82% -1.90% -0.61% -9.01% -8.69% -26.94% 27.53% 15.36% -15.56% -0.99% -4.54% <-IRR #YR-> 10 Stock Price
P/E 5.32 4.53 6.07 7.70 6.91 14.93 13.42 7.32 11.35 27.56 7.03 5.03 5.73 6.44 -3.69% <-IRR #YR-> 5 Stock Price
Trailing P/E 9.25 5.81 5.63 7.73 5.17 6.78 14.84 12.21 6.68 8.29 35.15 8.11 4.25 5.68 -1.09% <-IRR #YR-> 10 Price & Dividend
P/E on Running 5 yr Average 8.42 7.92 8.30 8.76 5.55 6.10 7.29 7.42 8.52 8.40 9.58 8.80 7.33 6.70 0.14% <-IRR #YR-> 5 Price & Dividend
P/E on Running 10 yr Average 10.33 9.44 10.14 11.38 7.31 7.44 7.71 6.81 6.11 4.72 6.30 7.48 6.69 7.15 7.21 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 3.44% 3.83% % Tot Ret -314.51% 2659.01% T P/E 7.92 8.11 P/E:  7.51 7.03 Count 33 Years of data
-$18.52 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $11.64
-$14.05 $0.00 $0.00 $0.00 $0.00 $11.64
-$18.52 $0.58 $0.60 $0.48 $0.52 $0.52 $0.50 $0.34 $0.44 $0.58 $12.28
-$14.05 $0.50 $0.34 $0.44 $0.58 $12.28
High Months Jul Oct Nov Jul Jan Jan Apr May Apr Jan Oct Apr Sep Feb
Pre-split '06
Price High $16.50 $16.04 $20.70 $27.40 $19.30 $19.30 $16.89 $15.90 $14.00 $13.14 $15.15 $17.74 $12.24 $11.90 -40.87% <-Total Growth 10 Stock Price
Increase 14.98% -2.79% 29.05% 32.37% -29.56% 0.00% -12.49% -5.86% -11.95% -6.14% 15.30% 17.10% -31.00% -2.78% -5.12% <-IRR #YR-> 10 Stock Price
P/E 6.42 4.88 6.79 8.95 8.43 18.56 14.69 8.28 12.39 38.65 8.91 6.47 6.03 6.65 -5.10% <-IRR #YR-> 5 Stock Price
Trailing P/E 11.15 6.24 6.29 8.98 6.31 8.43 16.24 13.83 7.29 11.63 44.56 10.44 4.47 5.86 8.42 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 9.71 10.44 P/E:  8.93 8.91 14.76 P/E Ratio Historical High
-$20.70 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $12.24
-$15.90 $0.00 $0.00 $0.00 $0.00 $12.24
Low Months Oct Jan Jan Feb Dec Jan Feb Dec Aug Mar Jan Sep Dec Jan
Price Low $10.87 $13.80 $16.34 $19.73 $12.36 $11.76 $13.98 $12.19 $11.65 $5.60 $8.75 $9.83 $11.04 $11.15 -32.44% <-Total Growth 10 Stock Price
Increase 0.65% 26.95% 18.41% 20.75% -37.35% -4.85% 18.88% -12.80% -4.43% -51.93% 56.25% 12.34% 12.31% 1.00% -3.85% <-IRR #YR-> 10 Stock Price
P/E 4.23 4.19 5.36 6.45 5.40 11.31 12.16 6.35 10.31 16.47 5.15 3.59 5.44 6.23 -1.96% <-IRR #YR-> 5 Stock Price
Trailing P/E 7.34 5.37 4.97 6.47 4.04 5.14 13.44 10.60 6.07 4.96 25.74 5.78 4.03 5.49 5.86 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 5.93 5.78 P/E:  6.40 5.44 4.22 P/E Ratio Historical Low
-$16.34 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $11.04
Free Cash Flow WSJ $29.40 $68.13 $6.78 $30.29 $30.29 $59.48 $69.02 $15.55 $48.09 63.57% <-Total Growth 8 Free Cash Flow
Change 131.72% -90.05% 346.69% -0.01% 96.38% 16.04% -77.46% 209.20% 56.21% <-Median-> 8 Change
Free Cash Flow MS  $4.38 $31.51 $62.58 $52.35 $29.40 $68.13 $6.78 $30.03 $30.29 $52.06 $71.60 $17.62 $48.09 $14.0 -23.15% <-Total Growth 10 Free Cash Flow
Change -92.83% 619.41% 98.60% -16.35% -43.84% 131.72% -90.05% 342.84% 0.86% 71.89% 37.53% -75.39% 172.93% -70.89% 9.88% <-IRR #YR-> 5 Free Cash Flow MS 60.15%
FCF/CF from Op Ratio 0.80 0.90 0.97 0.75 0.89 0.99 0.92 0.97 0.97 0.98 0.98 0.96 0.99 0.29 -2.60% <-IRR #YR-> 10 Free Cash Flow MS -23.15%
Dividends paid $12.05 $13.57 $30.67 $18.57 $19.91 $15.97 $17.36 $17.35 $16.63 $11.27 $14.53 $18.66 $19.92 $13.49 -35.07% <-Total Growth 10 Dividends paid
Percentage paid 275.16% 43.07% 49.01% 35.47% 67.73% 23.44% 256.04% 57.78% 54.92% 21.65% 20.30% 105.93% 41.41% 96.37% $0.48 <-Median-> 10 Percentage paid
5 Year Coverage 52.59% 40.45% 46.75% 47.76% 52.99% 41.96% 40.44% 38.91% 36.88% 38.29% 5 Year Coverage
Dividend Coverage Ratio 0.36 2.32 2.04 2.82 1.48 4.27 0.39 1.73 1.82 4.62 4.93 0.94 2.41 1.04 2.12 <-Median-> 10 Dividend Coverage Ratio
5 Year of Coverage 1.90 2.47 2.14 2.09 1.89 2.38 2.47 2.57 2.71 2.61 5 Year of Coverage
Market Cap  $395.54 $475.36 $616.12 $650.72 $483.88 $483.59 $515.45 $409.83 $442.56 $312.98 $469.36 $332.80 $345.26 $352.31 $352.31 $352.31 -43.96% <-Total Growth 10 Market Cap
Diluted 32.38 32.56 32.95 33.30 33.17 33.25 33.38 33.39 33.34 33.28 33.22 32.60 31.10 31.10 -5.61% <-Total Growth 10 Diluted
Change 6.07% 0.55% 1.20% 1.05% -0.38% 0.25% 0.39% 0.04% -0.17% -0.18% -0.17% -1.86% -4.61% 0.00% -0.17% <-Median-> 10 Change
Difference Diluted and Basic 7.49% 8.09% 8.16% 5.00% 0.16% 0.01% 0.06% 0.00% 0.04% 0.04% 0.55% 0.47% 0.53% 0.53% 0.11% <-Median-> 10 Change
Basic # of Shares in Millions 30.13 30.12 30.46 31.71 33.12 33.25 33.36 33.39 33.32 33.26 33.04 32.45 30.94 30.94 1.55% <-Total Growth 10 Basic
Change -0.36% -0.01% 1.14% 4.10% 4.42% 0.40% 0.34% 0.10% -0.21% -0.19% -0.67% -1.77% -4.67% 0.00% -0.05% <-Median-> 10 Change
Difference -0.3% 0.2% 0.9% 4.4% 0.4% 0.3% 1.0% -0.1% -0.3% -0.1% -0.2% -3.7% -0.9% -0.9% -0.13% <-Median-> 10 Difference
# of Share in Millions 30.03 30.18 30.73 33.12 33.23 33.35 33.69 33.35 33.23 33.23 32.96 31.25 30.66 30.66 30.66 30.66 -0.02% <-IRR #YR-> 10 Shares
Change -0.25% 0.49% 1.81% 7.77% 0.36% 0.35% 1.02% -1.02% -0.36% 0.00% -0.80% -5.20% -1.88% 0.00% 0.00% 0.00% -1.66% <-IRR #YR-> 5 Shares
CF fr Op $Millon $5.5 $35.1 $64.7 $69.7 $33.0 $69.0 $7.4 $30.8 $31.2 $53.1 $72.8 $18.4 $48.8 $48.8 <-12 mths -24.51% <-Total Growth 10 Cash Flow 
Increase -91.07% 542.89% 84.25% 7.75% -52.58% 108.85% -89.27% 316.24% 1.29% 70.11% 37.09% -74.80% 165.97% 0.00% <-12 mths SO Buy Back Debenture Conv.
5 year Running Average $25.7 $28.3 $41.7 $47.2 $41.6 $54.3 $48.8 $42.0 $34.3 $38.3 $39.1 $41.3 $44.9 $44.9 <-12 mths 7.56% <-Total Growth 10 CF 5 Yr Running
CFPS $0.18 $1.16 $2.10 $2.10 $0.99 $2.07 $0.22 $0.92 $0.94 $1.60 $2.21 $0.59 $1.59 $1.59 <-12 mths -24.34% <-Total Growth 10 Cash Flow per Share
Increase -91.05% 539.73% 80.97% -0.01% -52.75% 108.12% -89.37% 320.52% 1.66% 70.11% 38.19% -73.42% 171.05% 0.00% <-12 mths -2.77% <-IRR #YR-> 10 Cash Flow -24.51%
5 year Running Average $0.85 $0.94 $1.37 $1.52 $1.31 $1.69 $1.50 $1.26 $1.03 $1.15 $1.18 $1.25 $1.39 $1.4 <-12 mths 9.63% <-IRR #YR-> 5 Cash Flow 58.33%
P/CF on Med Price 75.30 12.83 8.80 11.20 15.92 7.51 70.21 15.19 13.65 5.86 5.41 23.47 7.31 7.24 <-12 mths -2.75% <-IRR #YR-> 10 Cash Flow per Share -24.34%
P/CF on Closing Price 72.47 13.55 9.53 9.34 14.65 7.01 69.60 13.29 14.17 5.89 6.45 18.14 7.07 7.22 <-12 mths 11.48% <-IRR #YR-> 5 Cash Flow per Share 72.19%
-41.90% Diff M/C 0.08% <-IRR #YR-> 10 CFPS 5 yr Running 0.79%
Excl.Working Capital CF $48.6 $31.8 -$7.7 $13.4 $19.3 -$28.7 $50.2 $23.2 $5.4 -$2.5 $7.6 $39.9 $35.5 $35.5 <-12 mths 1.88% <-IRR #YR-> 5 CFPS 5 yr Running 9.76%
CF fr Op $M WC $54.0 $66.9 $57.0 $83.0 $52.3 $40.3 $57.6 $54.1 $36.6 $50.6 $80.5 $58.3 $84.3 $84.3 <-12 mths 47.88% <-Total Growth 10 Cash Flow less WC
Increase -3.59% 23.92% -14.85% 45.71% -37.00% -23.05% 43.00% -6.08% -32.35% 38.41% 58.93% -27.55% 44.58% 0.00% <-12 mths 3.99% <-IRR #YR-> 10 Cash Flow less WC 47.88%
5 year Running Average $46.4 $45.1 $52.9 $63.4 $62.7 $59.9 $58.0 $57.5 $48.2 $47.8 $55.9 $56.0 $62.1 $71.6 <-12 mths 9.28% <-IRR #YR-> 5 Cash Flow less WC 55.88%
CFPS Excl. WC $1.80 $2.22 $1.85 $2.51 $1.57 $1.21 $1.71 $1.62 $1.10 $1.52 $2.44 $1.87 $2.75 $2.75 <-12 mths 1.60% <-IRR #YR-> 10 CF less WC 5 Yr Run 17.20%
Increase -3.35% 23.31% -16.37% 35.21% -37.22% -23.32% 41.56% -5.12% -32.10% 38.41% 60.21% -23.58% 47.34% 0.00% <-12 mths 1.55% <-IRR #YR-> 5 CF less WC 5 Yr Run 8.00%
5 year Running Average $1.52 $1.50 $1.75 $2.05 $1.99 $1.87 $1.77 $1.72 $1.44 $1.43 $1.68 $1.71 $1.94 $2.27 <-12 mths 4.01% <-IRR #YR-> 10 CF - Less WC 48.21%
P/CF on Med Price 7.61 6.73 9.99 9.40 10.06 12.86 9.03 8.66 11.65 6.15 4.89 7.39 4.23 4.19 <-12 mths 11.13% <-IRR #YR-> 5 CF - Less WC 69.52%
P/CF on Closing Price 7.32 7.10 10.81 7.84 9.25 12.01 8.95 7.58 12.10 6.18 5.83 5.71 4.10 4.18 <-12 mths 1.02% <-IRR #YR-> 10 5 yr Running 10.66%
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 12.42 5 yr  7.31 P/CF Med 10 yr 8.85 5 yr  6.15 -52.75% Diff M/C 2.35% <-IRR #YR-> 5 5 yr Running 12.31%
-$2.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.59 Cash Flow per Share
-$0.92 $0.00 $0.00 $0.00 $0.00 $1.59 Cash Flow per Share
-$1.37 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.39 CFPS 5 yr Running
-$1.26 $0.00 $0.00 $0.00 $0.00 $1.39 CFPS 5 yr Running
-$57.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $84.3 Cash Flow less WC
-$54.1 $0.0 $0.0 $0.0 $0.0 $84.3 Cash Flow less WC
-$52.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $62.1 CF less WC 5 Yr Run
-$57.5 $0.0 $0.0 $0.0 $0.0 $62.1 CF less WC 5 Yr Run
OPM 2.48% 12.76% 21.28% 22.26% 12.55% 28.46% 2.87% 11.53% 15.01% 23.42% 23.07% 7.59% 15.48% 16.72% -27.26% <-Total Growth 10 OPM
Increase -92.18% 415.26% 66.77% 4.56% -43.63% 126.81% -89.91% 301.48% 30.26% 55.98% -1.48% -67.10% 103.96% 7.96% Should increase  or be stable.
Diff from Ave -83.8% -16.3% 39.6% 46.0% -17.7% 86.6% -81.2% -24.4% -1.5% 53.6% 51.3% -50.2% 1.5% 9.6% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 15.25% 5 Yrs 15.48% should be  zero, it is a   check on calculations
Assets Real Estate $1,651.0 $1,705.2 $1,791.6 $1,895.9 $1,810.1 $1,844.6 $1,874.3 $1,912.9 $1,912.9 15.87% <-Total Growth 7 Assets RE
Debt $794.5 840.295 $835.6 $914.2 $834.6 $884.7 $870.5 $774.1 $774.1 -2.57% <-Total Growth 7 Debt
Change 5.76% -0.56% 9.41% -8.71% 6.00% -1.60% -11.08% 0.00% -0.56% <-Median-> 7 Change
Debt/Assets Ratio 0.48 0.49 0.47 0.48 0.46 0.48 0.46 0.40 0.40 0.47 <-Median-> 8 Debt/Assets Ratio
Long Term Debt $429.7 $490.5 $574.3 $621.3 $631.0 $608.6 $658.3 $659.6 $751.4 $721.8 $716.9 $740.4 $670.2 $670.2 General Debt Debt Type
Change 49.34% 14.16% 17.08% 8.18% 1.56% -3.55% 8.16% 0.20% 13.92% -3.94% -0.68% 3.27% -9.48% 0.00% 0.88% <-Median-> 10 Change Lg Term R+A
Debt/Market Cap Ratio 1.09 1.03 0.93 0.95 1.30 1.26 1.28 1.61 1.70 2.31 1.53 2.22 1.94 1.90 1.57 <-Median-> 10 Debt/Market Cap Ratio Lg Term R
Assets/Current Liabilities Ratio 29.20 25.07 24.04 30.38 45.18 53.64 38.30 37.86 42.40 53.21 37.47 40.47 42.37 42.37 41.42 <-Median-> 10 Assets/Current Liabilities Ratio Intang/GW
Debt to Cash Flow (Years) 78.73 13.98 8.88 8.92 19.10 8.82 88.88 21.40 24.06 13.59 9.84 40.34 13.73 13.73 16.42 <-Median-> 10 Debt to Cash Flow (Years) Liquidity
Liq. + CF
Intangibles $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 #DIV/0! <-Total Growth 10 Intangibles Debt Ratio
Goodwill $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 #DIV/0! <-Total Growth 10 Goodwill Leverage
Total $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 #DIV/0! <-Total Growth 10 Total D/E Ratio
Change 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00 <-Median-> 10 Change
Intangible/Market Cap Ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 <-Median-> 10 Intangible/Market Cap Ratio
Current Assets $165.96 $208.61 $228.48 $208.19 $224.34 $174.96 $181.39 $164.07 $130.23 $125.58 $202.90 $196.83 $176.11 $176.11 from Google Finance
Current Liabilities $41.75 $57.73 $71.87 $61.33 $41.88 $35.27 $51.98 $53.43 $49.44 $37.61 $56.41 $53.55 $49.50 $49.50 3.52 <-Median-> 10 Ratio
Liquidity 3.98 3.61 3.18 3.39 5.36 4.96 3.49 3.07 2.63 3.34 3.60 3.68 3.56 3.56 3.56 <-Median-> 5 Ratio
Liq. with CF aft div 3.82 3.99 3.65 4.22 5.67 6.46 3.30 3.32 2.93 4.45 4.63 3.68 4.15 4.27 4.15 <-Median-> 5 Ratio
Liq. CF re  Inv+Div  1.63 1.86 1.15 1.28 5.67 4.51 2.11 1.92 1.11 3.04 3.53 3.68 4.15 4.27 3.53 <-Median-> 5 Ratio
Assets $1,218.89 $1,447.4 $1,727.9 $1,863.3 $1,892.0 $1,892.0 $1,991.0 $2,023.1 $2,096.0 $2,001.3 $2,113.9 $2,167.1 $2,097.5 $2,097.47 Debt Ratio of 1.5 and up, best
Liabilities $616.14 $752.6 $958.7 $962.0 $914.0 $897.3 $982.4 $955.5 $1,015.8 $923.9 $997.5 $988.7 $887.9 $887.90 2.11 <-Median-> 10 Ratio
Debt Ratio 1.98 1.92 1.80 1.94 2.07 2.11 2.03 2.12 2.06 2.17 2.12 2.19 2.36 2.36 2.17 <-Median-> 5 Ratio
Total Book Value $602.74 $694.76 $769.23 $901.34 $977.97 $994.72 $1,008.59 $1,067.57 $1,080.26 $1,077.43 $1,116.47 $1,178.34 $1,209.58 $1,209.58 57.25% <-Total Growth 10 Book Value
Non-Cont. Int $3.98 $3.93 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Non-Cont. Int
Book Value $598.76 $690.83 $769.23 $901.34 $977.97 $994.72 $1,008.59 $1,067.57 $1,080.26 $1,077.43 $1,116.47 $1,178.34 $1,209.58 $1,209.58 $1,209.58 $1,209.58 57.25% <-Total Growth 10 Book Value
BV per share $19.94 $22.89 $25.03 $27.22 $29.43 $29.83 $29.94 $32.01 $32.51 $32.43 $33.87 $37.71 $39.45 $39.45 $39.45 $39.45 57.59% <-Total Growth 10 Book Value
Change 67.58% 14.81% 9.36% 8.73% 8.12% 1.36% 0.38% 6.94% 1.56% -0.26% 4.45% 11.32% 4.61% 0.00% 0.00% 0.00% -55.23% P/B Ratio Current/Historical Median
P/B Ratio (Median) 0.69 0.65 0.74 0.87 0.54 0.52 0.52 0.44 0.39 0.29 0.35 0.37 0.30 0.29 0.00 0.00 0.65 P/B Ratio Historical Median
P/B Ratio (Close) 0.66 0.69 0.80 0.72 0.49 0.49 0.51 0.38 0.41 0.29 0.42 0.28 0.29 0.29 0.29 0.29 4.65% <-IRR #YR-> 10 Book Value 57.59%
Change -47.08% 4.16% 16.40% -9.86% -31.47% -1.74% 5.12% -24.88% 6.72% -29.09% 44.72% -32.82% 1.06% 2.04% 0.00% 0.00% 4.26% <-IRR #YR-> 5 Book Value 23.22%
Leverage (A/BK) 2.02 2.08 2.25 2.07 1.93 1.90 1.97 1.90 1.94 1.86 1.89 1.84 1.73 1.73 1.90 <-Median-> 10 A/BV
Debt/Equity Ratio 1.02 1.08 1.25 1.07 0.93 0.90 0.97 0.90 0.94 0.86 0.89 0.84 0.73 0.73 0.90 <-Median-> 10 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 0.42 5 yr Med 0.35 -30.08% 1.92 Historical Leverage (A/BK)
-$25.03 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $39.45
-$32.01 $0.00 $0.00 $0.00 $0.00 $39.45
Return on Assets Comp. Income 6.7% 7.1% 6.0% 5.8% 5.5% 1.6% 1.5% 3.8% 1.4% 0.4% 2.6% 4.7% 2.8% Net Income/Assets ROA
5Yr Median 6.0% 6.0% 6.0% 6.0% 6.0% 5.8% 5.5% 3.8% 1.6% 1.5% 1.5% 2.6% 2.6% 2.6% <-Median-> 5 ROA
Comprehensive Income $81.91 $102.63 $104.36 $107.36 $103.79 $30.92 $30.28 $76.45 $30.13 $8.55 $55.57 $101.09 $58.04
NCI $0.00 -$0.23 $0.22 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Shareholders $81.91 $102.86 $104.14 $107.36 $103.79 $30.92 $30.28 $76.45 $30.13 $8.55 $55.57 $101.09 $58.04 -44.26% <-Total Growth 10 Comprehensive Income
Increase 83.70% 25.58% 1.25% 3.10% -3.33% -70.21% -2.05% 152.47% -60.59% -71.64% 550.28% 81.93% -42.59% -42.59% <-Median-> 5 Comprehensive Income
5 Yr Running Average $50.70 $58.79 $71.09 $88.17 $100.01 $89.81 $75.30 $69.76 $54.32 $35.27 $40.20 $54.36 $50.68 -5.68% <-IRR #YR-> 10 Comprehensive Income -44.26%
ROE 13.7% 14.9% 13.5% 11.9% 10.6% 3.1% 3.0% 7.2% 2.8% 0.8% 5.0% 8.6% 4.8% -5.36% <-IRR #YR-> 5 Comprehensive Income -24.08%
5Yr Median 13.7% 13.7% 13.5% 13.5% 13.5% 11.9% 10.6% 7.2% 3.1% 3.0% 3.0% 5.0% 4.8% -3.33% <-IRR #YR-> 10 5 Yr Running Average -28.71%
% Difference from NI 0.6% -2.2% 5.5% 6.6% 36.6% -10.2% -21.4% 19.0% -20.2% -25.5% -1.3% 13.1% -7.8% -6.19% <-IRR #YR-> 5 5 Yr Running Average -27.36%
Diff 5, 10 yr -4.6% -7.8% 4.8% <-Median-> 5 Return on Equity
-$104 $0 $0 $0 $0 $0 $0 $0 $0 $0 $58
-$76 $0 $0 $0 $0 $58
-$71.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $50.7
-$69.8 $0.0 $0.0 $0.0 $0.0 $50.7
Current Liability Coverage Ratio 1.29 1.16 0.79 1.35 1.25 1.14 1.11 1.01 0.74 1.35 1.43 1.09 1.70 1.70   CFO / Current Liabilities
5 year Median 0.63 0.63 0.79 1.16 1.25 1.16 1.14 1.14 1.11 1.11 1.11 1.09 1.35 1.43 119.5% <-Median-> 10 Current Liability Cov Ratio
Asset Efficiency Ratio 4.43% 4.62% 3.30% 4.46% 2.77% 2.13% 2.89% 2.67% 1.75% 2.53% 3.81% 2.69% 4.02% 4.02% CFO / Total Assets
5 year Median 4.43% 4.43% 4.43% 4.46% 4.43% 3.30% 2.89% 2.77% 2.67% 2.53% 2.67% 2.67% 2.69% 3.81% 2.7% <-Median-> 10 Return on Assets 
Return on Assets ROA 6.68% 7.27% 5.71% 5.41% 4.01% 1.82% 1.93% 3.18% 1.80% 0.57% 2.66% 4.12% 3.00% 2.62% Net  Income/Assets Return on Assets
5Yr Median 5.79% 5.79% 5.71% 5.71% 5.71% 5.41% 4.01% 3.18% 1.93% 1.82% 1.93% 2.66% 2.66% 2.66% 2.8% <-Median-> 10 Asset Efficiency Ratio
Return on Equity ROE 13.59% 15.22% 12.83% 11.17% 7.77% 3.46% 3.82% 6.02% 3.49% 1.06% 5.04% 7.58% 5.21% 4.55% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 13.23% 13.23% 12.83% 12.83% 12.83% 11.17% 7.77% 6.02% 3.82% 3.49% 3.82% 5.04% 5.04% 5.04% 5.1% <-Median-> 10 Return on Equity
Net Income $81.39 $105.02 $98.62 $100.72 $75.96 $34.43 $38.53 $64.27 $37.74 $11.46 $56.31 $89.35 $62.98
NCI $0.00 -$0.15 -$0.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Shareholders $81.39 $105.17 $98.67 $100.72 $75.96 $34.43 $38.53 $64.27 $37.74 $11.46 $56.31 $89.35 $62.98 $55.00 $56.00 -36.17% <-Total Growth 10 Net Income Estimates
Increase 80.65% 29.21% -6.18% 2.07% -24.58% -54.67% 11.88% 66.83% -41.28% -69.62% 391.20% 58.68% -29.52% -12.67% 1.82% EPS/CF Ratio should not be higher than 1.00 see above
5 Yr Running Average $50.87 $59.17 $70.70 $86.20 $92.38 $82.99 $69.66 $62.78 $50.19 $37.29 $41.66 $51.83 $51.57 $55.02 $63.93 -4.39% <-IRR #YR-> 10 Net Income
Operating Cash Flow $5.46 $35.09 $64.65 $69.66 $33.04 $69.00 $7.41 $30.83 $31.23 $53.12 $72.82 $18.35 $48.81 -0.41% <-IRR #YR-> 5 Net Income
Investment Cash Flow -$56.23 -$66.27 -$155.41 -$139.98 $30.80 -$15.30 -$29.34 -$38.83 -$80.53 -$17.41 -$17.68 $18.33 $4.64 -3.11% <-IRR #YR-> 10 5 Yr Running Ave.
Total Accruals $132.17 $136.35 $189.43 $171.03 $12.12 -$19.27 $60.46 $72.27 $87.04 -$24.24 $1.17 $52.67 $9.54 -3.86% <-IRR #YR-> 5 5 Yr Running Ave.
Total Assets $1,218.89 $1,447.4 $1,727.9 $1,863.3 $1,892.0 $1,892.0 $1,991.0 $2,023.1 $2,096.0 $2,001.3 $2,113.9 $2,167.1 $2,097.5 Balance Sheet Assets
Accruals Ratio 10.84% 9.42% 10.96% 9.18% 0.64% -1.02% 3.04% 3.57% 4.15% -1.21% 0.06% 2.43% 0.45% 0.45% <-Median-> 5 Ratio
EPS/CF Ratio 1.43 1.48 1.64 1.22 1.45 0.86 0.67 1.18 1.03 0.22 0.70 1.47 0.74 0.94 <-Median-> 10 EPS/CF Ratio
-$99 $0 $0 $0 $0 $0 $0 $0 $0 $0 $63
-$64 $0 $0 $0 $0 $63
-$71 $0 $0 $0 $0 $0 $0 $0 $0 $0 $52
-$63 $0 $0 $0 $0 $52
Change in Close -11.31% 19.59% 27.30% -2.00% -25.90% -0.41% 5.52% -19.67% 8.38% -29.28% 51.17% -25.21% 5.73% 2.04% 0.00% 0.00% Count 29 Years of data
up/down down down down down down Count 20 68.97%
Meet Prediction? yes % right Count 2 10.00%
Financial Cash Flow $55.07 $32.18 $107.90 $60.25 -$34.62 -$61.36 $26.69 -$8.91 $59.86 -$43.22 -$24.56 -$17.26 -$99.00 C F Statement  Financial CF
Total Accruals $77.10 $104.18 $81.53 $110.79 $46.74 $42.10 $33.77 $81.18 $27.19 $18.97 $25.72 $69.93 $108.53 Accruals
Accruals Ratio 6.33% 7.20% 4.72% 5.95% 2.47% 2.23% 1.70% 4.01% 1.30% 0.95% 1.22% 3.23% 5.17% 1.30% <-Median-> 5 Ratio
Cash $10.70 $11.63 $28.97 $19.01 $48.67 $39.89 $42.51 $26.73 $36.98 $29.20 $59.92 $80.47 $34.69 $34.69 Cash
Cash per Share $0.36 $0.39 $0.94 $0.57 $1.46 $1.20 $1.26 $0.80 $1.11 $0.88 $1.82 $2.57 $1.13 $1.13 $1.13 <-Median-> 5 Cash per Share
Percentage of Stock Price 2.71% 2.45% 4.70% 2.92% 10.06% 8.25% 8.25% 6.52% 8.36% 9.33% 12.77% 24.18% 10.05% 9.85% 10.05% <-Median-> 5 % of Stock Price
Notes:
March 30, 2024. Last estimates were for 2023,2024 of $313M, $322M for Revenue, $1.94, $1.98 for EPS, $0.66, $0.68 for Dividends, $18M, $14M for FCF and $64.10M and $65.4M for Net Income.
March 31, 2023.  Last estimates were for 2022, 2023 and 2024 of $360M, $376M and $423M for Revenue, $1.78, $1.90 and $2.85 for EPS, 
$0.56 and $0.62 2022/3 for Dividends, $16m and $16M 2022/3 for FCF, $59.3M, $63.3M and $94M for Net Income.
March 27, 2022.  Last estimates were for 2021 and 2022 of $274M, $311M for Revenue, $0.94 and $1.33 for EPS, $0.40 and $0.50 for Dividends, $16M and $19M for FCF.
March 28, 2021.  Last estimates were for 2020 and 2021 of $281M, $292M for Revenue, $1.22 and $1.40 for EPS, $0.48 and $0.52 for Dividends, -1M and $3M for FCF, and $55M for Net Income for 2020.
Narch 22, 2020.  Last estimates were for 2019 of $282M for Revenue, $1.64 for EPS and $55M for Net Income.
March 9, 2019.  Last estimates were for 2018 of $253M for Revenue and $1.34 for EPS
March 24, 2018.  Last estimates were for 2017 and 2018 of $215M and $220M for Revenue, $1.15 and $1.20 for EPS and $38.3M and $40.1M for Net Income.
March 19, 2017.  Last estimates were for 2016 and 2017 of $231M and $238M Revenue, $1.60 and $1.74 EPS and $70.3M and $58.3M for Net Income.
March 18, 2016.  Last estimates were for 2015 and 2016 of $410.3M and 368.1M for Revenue, $2.44 and $2.27 EPS.
March 14, 2015, Last estimates were for 2014 and 2015 of $430M and 440M for Revenue, $2.12 for EPS for 2014
March 25, 2014.  Last estimates I got were for 2013 and 2014 of $276M and $280M for Revenue, $1.82 and $1.81 EPS.
April 19, 2013.  Last estimates were for 2012 of Revenue at $238M, EPS of $1.82.
April 19, 2012.  Last Estimates I got were for 2011 and 2012 of $1.60 and $1.82 for EPS.  For 2011 EPS is much higher mostly due to IFSR accounting.
Apr 14, 2011.  When last I looked I got estimates for 2010 and 2011 of $1.23 and $1.44 for earnings.
Apr 10, 2010.  When I last looked at this stock, I got 2009 and 2010 earnings of $.40 and $.60.
Jul 4, 2009. Even though Dividends for this stock has been decreased, there is insider buying.  Insider buying by CFO (lots), Other Officers and Directors (lots).  I will hold for now.  
This stock has been taken off the Dividend Achievers List as of June 15th.  When I looked at this in Mar 2009, I got earnings estimates for 2009 and 2010 of $.65 and $.98.  They have both been lowered.
Mar 2009. AR 2008.  Estimate for 2009 for EPS of $1.64 obtained in Sep 2008.  The real EPS was quite a bit less at $1.31.  There are few analysts covering this stock.  Estimates March 2009 are EPS $.65 for 2009 
and $.98 for 2010.  Dividend has been cut from .50 to .34.  These shares are trading below Book Value.  Currently rated as a Buy, but there are long term Bearish technical issues.
So far my investment has been a disaster, but I willing to hold my shares for now. I made a couple of small investments in this stock, so I do not have much at stake. There is lots of insider buying currently going on.
May 2008.  I should have paid more attention to my analysis - Accural Ratio was pointing strongly to a downturn in price. An price is down about 25% this year.
AP 2007.  Only one Analyst following this stock and rates it as a strong buy.  It has done well. Dividends are increasing nicely.  Hold for now.
I bought this when I sold ONEX. Got to diversify into Real Estate.  It was on Mike's list.  Trading account costs are so low because I bought more in 2009 at a much lower price.
Stock Increased in January 2013
Jan 8 2013. Melcor Developments Ltd. ("Melcor" or the "Company") (TSX:MRD) today announced that it has commenced a strategic process to advance its business interests through the creation of a Real 
Estate Investment Trust ("REIT") in which the Company would maintain a significant interest. The Company is considering vending a substantial portion of its income-producing assets into this 
new vehicle. This process would provide capital to the Company, and allow it to grow and continue to pursue numerous value creating opportunities in strong western Canadian economies.
This company has been paying dividends since 1969.
Melcor has been focused on real estate since 1923. The company has built over 90 communities across Western Canada and today manages over 3.3 million of commercial real estate 
assets and 1,286 residential rental units. Melcor is committed to building communities that enrich quality of life - communities where people live, work, shop and play.  Melcor's headquarters are located in 
 Edmonton, Alberta, with regional offices throughout Alberta and in British Columbia and Arizona. Melcor has been a public company since 1968 and trades on the Toronto Stock Exchange (TSX:MRD).
Timothy Melton and Andres Melton control more than 50% of voting shares of Meton Holdings Ltd.
Company said in March 2018 "With the dividend declared today, we are now in our 30th consecutive year of dividend payments. Since becoming a public company in 1968, we have paid dividends in all but three years.'
Company founded in 1923.
Sector:
Real Estate
What should this stock accomplish?
It should provide diversification and long term dividends and capital gains.
Would I buy this company and Why.
I bought this for diversification.  However, it is an Alberta real estate company so it is bought to have its ups and downs.
Why am I following this stock. 
I own this stock.
Why I bought this stock.
This was one of the stocks on Mike Higgs' list of good dividend growth stocks.  So I looked into it and bought it.
I bought this stock first in 2008 and then some more in 2009.  It is a little followed real estate company from Western Canada.
Dividends
In 2015 dividends were changed to quarterly, payable in cycle 3 of March, June, September and December. Dividends are declared for sharesholders of record and paid in the same month.
For example, the dividend payable on March 31, 2015 was declared for shareholders of record of March 17, 2015.
Dividends are paid semi-annually near the end of June and December each year.
How they make their money
Melcor Developments Ltd is a real estate development company. It develops and manages mixed-use residential communities, business and 
industrial parks, office buildings, retail commercial centers, and golf courses.
Search Edmonton Journal for news on this company.
http://www.edmontonjournal.com 
Melton Holdings Ltd.
It would seem that the Melton family owns just over 50% of this company.  Melton are related parties to Melcor by virtue of a commonality of certain directors, officers and/or shareholders.
Melton, Timothy Charles
Melton, Andrew John
Young, Ralph Barclay CEO
This group also owns debentures in this company.
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
Shares; '%, Value $M %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Change
Date 2016 Mar 19 2017 Mar 24 2018 Mar 16 2019 Mar 22 2020 Mar 26 2021 Mar 27 2022 Mar 27 2022 Mar 27 2022 Appointed April 2017
Rayburn, Darin Anthony 0.040 0.12% 0.042 0.13% 0.044 0.13% 0.047 0.14% 0.051 0.16% Melton, Timothy Charles
CEO - Shares - Amount $0.607 $0.514 $0.587 $0.445 $0.729 CEO in 2022
Options - percentage 0.048 0.14% 0.088 0.26% 0.137 0.41% 0.194 0.58% 0.212 0.64%
Options - amount $0.734 $1.082 $1.825 $1.827 $3.019
Stefura, Naomi Marie 0.008 0.03% 0.009 0.03% 0.009 0.03% 0.010 0.03% 0.011 0.03% 0.018 0.06% 0.026 0.08% 0.040 0.13% 52.95%
CFO - Shares - Amount $0.130 $0.111 $0.124 $0.096 $0.157 $0.192 $0.291 $0.454
Options - percentage 0.053 0.16% 0.068 0.20% 0.098 0.30% 0.000 0.00% 0.149 0.45% 0.127 0.41% 0.123 0.40% 0.092 0.30% -25.42%
Options - amount $0.803 $0.830 $1.308 $0.000 $2.127 $1.357 $1.386 $1.055
Melton, Graeme 0.026 0.08% 0.034 0.10% 0.025 0.08% 0.024 0.07% 0.022 0.07% 0.023 0.07% 0.025 0.08% 0.040 0.13% 58.00%
Officer - Shares - Amount $0.404 $0.416 $0.333 $0.224 $0.307 $0.247 $0.282 $0.454 Last report Jan 22
Options - percentage 0.024 0.07% 0.033 0.10% 0.039 0.12% 0.047 0.14% 0.051 0.15% 0.045 0.14% 0.040 0.13% 0.092 0.30% 128.66%
Options - amount $0.370 $0.408 $0.519 $0.443 $0.721 $0.479 $0.452 $1.055
Margiotta, Leah 0.004 0.01% 0.006 0.02% 0.008 0.03% 24.71%
Officer - Shares - Amount $0.044 $0.070 $0.089
Options - percentage 0.000 0.00% 0.009 0.03% 0.014 0.04% 49.71%
Options - amount $0.000 $0.102 $0.157
Pelletier, Guy 0.070 0.23% 0.066 0.22% -5.97%
Officer - Shares - Amount $0.791 $0.759
Options - percentage 0.040 0.13% 0.028 0.09% -29.43%
Options - amount $0.452 $0.325
Young, Ralph Barclay 4.00% 1.334 3.96% 1.320 3.96% 1.320 3.97% 1.318 3.97% 1.318 4.00% 1.311 4.20% 1.311 4.28% 1.311 4.28% 0.00%
Director- Shares - Amount $19.336 $20.403 $16.226 $17.585 $12.418 $18.771 $13.964 $14.764 $15.066 Retiring July 2, 2013
Options - percentage 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% was CEO, now Director #DIV/0!
Options - amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
Clanachan, Gordon James 0.02% 0.008 0.02% 0.008 0.02% 0.008 0.02% 0.010 0.03% 0.011 0.03%
Director - Shares - Amount $0.116 $0.122 $0.098 $0.107 $0.094 $0.157
Options - percentage 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00%
Options - amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
Melton, Andrew John 0.45% 0.161 0.48% 0.162 0.49% 0.164 0.49% 0.164 0.49% 0.182 0.55% 0.210 0.67% 0.229 0.75% 0.229 0.75% 0.00%
Director - Shares - Amount $2.155 $2.467 $1.994 $2.183 $1.544 $2.589 $2.232 $2.578 $2.630
Options - percentage 0.15% 0.059 0.18% 0.079 0.24% 0.143 0.43% 0.094 0.28% 0.096 0.29% 0.062 0.20% 0.052 0.17% 0.025 0.08% -52.23%
Options - amount $0.735 $0.903 $0.971 $1.905 $0.886 $1.361 $0.661 $0.588 $0.287
Melton, Timothy Charles 5.69% 1.926 5.72% 1.938 5.81% 1.941 5.84% 1.941 5.84% 2.073 6.29% 2.170 6.94% 2.302 7.51% 2.798 9.13% 21.58%
Chairman and CEO - Shares - Amt $27.536 $29.463 $23.814 $25.854 $18.284 $29.519 $23.108 $25.915 $32.151
Options - percentage 0.20% 0.064 0.19% 0.077 0.23% 0.105 0.32% 0.141 0.43% 0.152 0.46% 0.143 0.46% 0.126 0.41% 0.080 0.26% -36.28%
Options - amount $0.952 $0.979 $0.946 $1.401 $1.332 $2.170 $1.519 $1.421 $0.924
Melton Holdings Ltd. 47.04% 15.688 46.57% Holdings of 10/03/2017
Shares - Amount $227.481 $240.026
Debensures $0.000
Increase in O/S Shares 0.40% 0.129 0.39% 0.039 0.11% 0.014 0.04% 0.001 0.00% 0.001 0.00% 0.115 0.35% 0.065 0.21% 0.126 0.41% Average 0.19%
due to SO 2013 $1.958 $1.877 $0.590 $0.175 $0.008 $0.006 $1.633 $0.695 $1.419
Book Value $2.328 $2.102 $0.592 $0.217 $0.008 $0.008 $1.577 $0.789 $0.831
Insider Buying $0.000 -$0.013 -$0.043 -$0.133 -$0.065 -$1.098 -$1.406 -$1.760 -$0.226
Insider Selling $0.049 $0.064 $0.026 $0.013 $0.153 $0.031 $0.245 $0.084 $0.618
Net Insider Selling $0.049 $0.051 -$0.018 -$0.120 $0.088 -$1.067 -$1.160 -$1.676 $0.392
% of Market Cap 0.01% 0.01% 0.00% -0.03% 0.03% -0.23% -0.35% -0.49% 0.11%
Directors 9 9 9 9 8 10 9 8
Women 13% 2 22% 2 22% 2 22% 2 22% 2 25% 4 40% 4 44% 3 38%
Minorities 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 13.35% 18 14.60% 13 15.53% 10 15.53% 17 61.72% 20 61.82% 20 8.45% 20 4.73% 20 7.99%
Total Shares Held 13.31% 4.870 14.46% 5.187 15.56% 4.723 14.21% 20.541 61.82% 20.455 62.06% 2.784 8.91% 1.477 4.82% 2.449 7.99%
Increase/Decrease -0.01% 0.863 21.53% -0.052 -0.99% 0.089 1.91% 0.116 0.57% -0.265 -1.28% 0.038 1.37% -6.147 -80.63% -0.144 -5.56%
Starting No. of Shares 4.008 5.239 Reuters 4.634 Reuters 20.425 Top 20 MS 20.720 Top 20 MS 2.747 Top 20 MS 7.624 Top 20 MS 2.593 Top 20 MS
Institutions/Holdings 15 45.73% 17 17.45%
Amt $235.740 $77.240
Total Shares Held 17.000 50.98% 5.000 14.99%
Amt $208.930 $61.450
Increase/Decrease 2.000 13.33% 0.000 0.00%
Starting No. of Shares 15.000 Morningstar 5.000 Morningstar
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My stock 
Trading & pension
8-Feb-08 -$1,737.99 $17.38 100
8-Feb-08 -$1,737.99 $17.38 100
1-Apr-09 -$1,284.99 $4.28 300
9-Jul-09 -$1,329.99 $6.65 200
7-Apr-08 -$1,593.99 $15.94 100
8-Apr-08 -$3,177.99 $15.89 200
28-Feb-24 $11,540.00 $10.86 1000
0.39% XIRR $11.54 1000
4.86% Total Return
4.47% Dividend Ret.
92.05%
% from $19,380.00 Total Value Gain
$0.00 Less Sale of Stock
-$11,540.00 Less Stock Value
92.05% $7,840.00 Dividends Paid 72.17%
$10,862.94 Cost of Stock
$0.00 Sale of Stock
7.95% $677.06 Capital Gains/Loss 6.23%
100.00% $8,517.06 Total Return 78.40%
Start Date 8-Feb-08 Shares 1,000
End date 28-Feb-24 Dividends pd per Share $7.84
years 16.05 Div less cost -$3.02
Cost $10.86
% paid by div 72.19%
Trading 
8-Feb-08 -$1,737.99 $17.38 100
8-Feb-08 -$1,737.99 $17.38 100
1-Apr-09 -$1,284.99 $4.28 300
9-Jul-09 -$1,329.99 $6.65 200
28-Feb-24 $8,078.00 $8.70 700
1.84% XIRR $8.08 1000
6.90% Total Return
5.06% Dividend Ret.
73.39%
% from $13,427.00 Total Value Gain
$0.00 Less Sale of Stock
-$8,078.00 Less Stock Value
72.91% $5,349.00 Dividends Paid 87.82%
$6,090.96 Cost of Stock
$0.00 Sale of Stock
27.09% $1,987.04 Capital Gains/Loss 32.62%
100.00% $7,336.04 Total Return 120.44%
Start Date 8-Feb-08 Shares 1,000
End date 28-Feb-24 Dividends pd per Share $5.35
years 16.05 Div less cost -$5.51
Cost $10.86
% paid by div 49.25%