Dream Unlimited is a Canadian real estate company. Headquartered in Toronto, it’s engaged in various real estate activities, including residential land development, housing and condominium development, property management services, commercial property ownership, and renewable energy infrastructure. The company is listed on the Toronto Stock Exchange and currently has a market capitalisation of CAD $818 million.
Previous insider trades were timed well
In June last year, Dream Unlimited announced that it had entered into a 15-year lease agreement with the Federal Government of Canada. What stood out to us was that shortly after the announcement, CEO Michael Cooper spent around CAD $4.3 million on shares in Dream Unlimited. We saw this large insider trade as a bullish signal. In hindsight, following this insider transaction could have resulted in a profitable trade. Over the next six months, DRM shares rose approximately 40% after the company issued solid Q3 and Q4 results.
Source: 2iQ Research
