Mike Arnold
Long only, small-cap, tech, growth at reasonable price

For Dream, Lengthen Your Time Horizon

Dream Unlimited [(OTC:DRUNF)(DRM.TO)] is a Canadian land/real estate developer and asset manager that exhibits many of the classic inefficiencies in the stock market: a spinoff, owner/operated, a low float, exclusion from various market indices, a lack of analyst coverage (one analyst), a listing in a less covered market (Canada), and a firm comprised of underlying businesses/assets that are difficult to value on a consolidated basis.

If those inefficiencies weren't enough, valuing Dream on a quarterly basis is particularly futile given the long lead times it needs to apply for permits, plan, develop, sell and convert to cash its land and real estate holdings. Therefore, investors in Dream need to lengthen their time horizon and look out to 2016...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"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
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details