Savvy Trades and Investments

[swampboots]

Possible case for HCDI investment before Jan.:

Had previously owned but always followed.
" If the real estate market conditions continue to be characterized by severe shortage of residential inventory, low interest rates and urban flight, we anticipate operating profitably on an annual basis for the foreseeable future."
https://seekingalpha.com/article/4469612-harbor-custom-development-inc-hcdi-ceo-sterling-griffin-on-q3-2021-results-earnings-call

Today they issued this PR:

https://seekingalpha.com/news/3776888-harbor-custom-development-to-buy-997-unit-master-planned-community-in-blaine-washington

This town is 33 miles from expensive Vancouver, and many commute from there to save rent.
I have not seen the place in Washington state, but $14000 average purchase of a unit is quite cheap from almost any stand point! I have followed this company which has toxic stock (dilution seems part of growth plan) , because they have grown from 20 million to 105 million rev by leveraging their stock for debt and operating expenses during their buying sprees, offset by some advantageous flipping. They seem to have maxed out all they could grab at cheap prices, scaring the heck out of shareholders, who do not know when their next dilution could hit. But they are actually masking GIGANTIC unrealized capital gains.
I could be wrong but I have almost all my investments in similar looking stuff without reviewing all of their material detailed data of their specific reasonable cash flow estimates, or net profit
projections. In brief comparing to a 7 million dollar 4% return on a 150 unit development ( I am involved with) diligently kept up to working class people standards who pay just $400-600 for a one to two bedroom apt in outskirts of Georgia, their lates purchase mentioned today seems "stolen".
So far they are still considered a low float stock, but that can end any time stock makes upward progress, advantaging a new stock selling? issuing spree. Yet, long term insiders own 24%, and think it may be eligible as a no brainer for at least a small Jan.effect buy or eventual
buy out premise?