Mike Arnold
Value, growth at reasonable price, long only, tech

Dream Unlimited: Still An Asymmetrical Investment Opportunity For 2014

Since I wrote my first article on Dream Unlimited [(OTC:DRUNF) (DRM.TO)] ("Dream") at the end of July 2013, I postulated that shares had some 70% upside and that the company was mispriced because it was a relatively unknown spin-off from Dundee Corporation (OTCPK:DDEJF). In addition, the company did not screen well given it didn't have 12-months of operating history on a standalone basis.

Today, shares are 35% higher from the date of the original article. I think the shares still have meaningful upside, given Dream's large and attractive asset base of land and real estate, and its growing operating businesses including, land and real estate development and higher-margin asset management services.

Going into 2014, I think...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
WITH SEEKING ALPHA PRO, INVESTORS CAN ALSO:
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO." Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else." Patrick Rice, Mainstay Capital Management
100% Satisfaction Guaranteed
Money back guarantee. Seeking Alpha PRO members receive a no-questions-asked refund for membership on months paid and not used. Details