Dream Homes and Development Corporation (EM) (DREM)

Back to current - Dec Q was pretty decent - Shareholder equity improved to 2.8m yoy - why a 1m market cap?

A lot of great stuff in the latest filing. Besides being profitable, having more stockholder's equity than market cap, and only a 1m float it looks like they are only going to get stronger.

PLAN OF OPERATION

Overview
Building on a history of over 2,000 new homes built and over 400 elevation/renovation/addition projects since 1993, the management of Dream Homes & Development Corporation has positioned the company to emerge as a rapidly growing regional developer of new single and multi-family subdivisions as well as a leader in coastal new home and modular construction, elevation, Build to Lease and Improved Lots for Sale.

In addition to the coastal construction market, Dream Homes continues to pursue opportunities in new single and multi-family home construction, with 5 developments totaling 367 units in title, or under contract and in development. Dream Homes’ operations include the development and sale of residential communities, construction of single-family and multi-family homes, Build to Lease and the development and improvement of Finished Lots for Sale to national builders.

New trends in the real estate market that the Company is actively exploring include Build To Lease properties, as well as developing and improving building lots and developments to sell finished lots to national home builders. This focus and concentration on building both single and multi-family developments with the intention to lease or sell them immediately upon completion is being made in response to several factors. One factor is the extreme shortage of rental properties on the market, not only for first time homemakers, but for retirees, and young professionals who are unclear as to the intentions of settling in one location. The second factor is the overall lender and funding source preference to lend to Build To Lease and Improved Lots for sale developments, due to the perception that these 2 avenues are a safer investment over the long term. Finally, the extraordinary amount of interest from non-traditional sources such as pension and hedge funds, insurance companies and venture capital firms to purchase completed new For Lease developments at attractive metrics, as well as the virtually unlimited demand for improved lots from national builders has spurred a large growth in these market segments.

The Company has made the decision to change focus to better accommodate these growing trends. Currently 2 new multi-family developments, which represent a total count of 79 units (of the 367 total units in title or under contract), will be changed from Build For Sale to Build for Lease. The Company intends to hold these properties upon completion and lease-up for an indeterminate period of time, and realize the rental income from ownership. This strategy will become a very significant revenue stream for the Company and will become a fourth division of the Company, behind Finished Lots for Sale, custom new homes and renovation/elevation projects.

Strong Q and looks to have some big upside for a ~1m floater.

- Almost $0.04 a share in shareholders equity
- Earned $0.02 last quarter.
- Profitable
- Industry ratios would put this at about a $0.50-$1 ticker.

Good upside from these levels imo if you can get shares.

https://www.otcmarkets.com/filing/html?id=18001054&guid=MhY-k6PTAwwfJth

I meant to say 10% year over year

Don't worry, there's plenty of shares. The company has diluted by ~ 10% the last couple of years. iow - around 2 years ago there were Approx 6 million less shares outstanding.

There last Q wasn't very good. They had lower Stockholder Equity with hgher sales but over 2X the amount of money lost the previous year.

I don't expect the next report is going to be much better

RE: <<< I am curious what the catalyst will be >>>

This is brick and mortar business - so the catalyst is simply building homes and selling them at a profit.

I dont think we've seen the bottom here.

I haven't looked at this one in forever...I wish you good luck though.

Looks to be waking up finally . Definitely a very tightly held float moves on nothing volume . Does not appear that anybody can buy many shares without moving the price significantly. I am curious what the catalyst will be .

I could only hope the dumping DD is true even though only 100k shares were sold today. Dose not really sound like a lot of dumping to me but fingers crossed it continues.

I don't want it to go anywhere but down right now. I am still looking for an entry. .04 range would be nice but doubtful we will get that lucky.

$DREM

This crap isn’t going anywhere if they keep dumping shares

Let her fall! We can load lower. Not many found her yet. Great share structure.

$DREM

Dumpster fire. Wow

Has there been even one buy order in the last month?

Moving on low volume

float is nearly locked fellas!
With todays 1.255M volume, it seems there are not many free shares available to trade. Next days will be wild.
Strong buy!

Might see a morning pop with all talk.. we’ll see

action on TW-- https://twitter.com/Jcazz17

DREM:Second leg today? Half float traded already!!!

That's an understatement. Wow.

Quiet. And moving.

$DREM - The Region’s Most Trusted Builder

New Custom & Modular Homes, Elevations and Renovations – Complete Turnkey Construction Services
https://foxmoorblog.wordpress.com/

Well, $DREM seems to be working to keep shareholders informed now...

We should see more eyes on the stock with more News!

Being dormant for 5 months defintiely hurt it. I believe the actual postings of earnings should help though. Thinking traders needs to see some established history of news. So it should be on the right track.

Not enough exposure

People need to buy,this is super cheap right here with a ton of great news!

Yea but where is all the buying??? Two press releases, and I'm hearing another possible press release within a week....but this thing isn't running? Why? I see a lot of good things here, yet people don't want to pull the trigger.

Only 30k to 0.075...and a NEW HOD. $DREM

Hod test coming!

DREM

Looking for a strong close here today.

DREM

In addition, Simonelli stated, "I anticipate that we will reach or exceed the $6,000,000 mark in contract sales this year. We've worked extremely hard over the last few years to reach these milestones, and it's really gratifying and rewarding when we can see those efforts culminate in results."

Nice and green heading into power hour, should see a strong close today!

DREM

Pushing for a nhod!

$DREM

I agree, they certainly are.

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It is picking up a bit Rob.

DREM

Looking forward to that.

DREM

High of day back up!

$DREM

Agree BlazingStocks!

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Wow, nice contracts! $DREM in a great position with those revenues!

0738's loading up!

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"Though we anticipated a very positive reception, we were surprised at the number of people who have signed a reservation agreement for a new townhome. Even though with a

condominium project, we can only accept non-binding reservations and not binding contracts, I'm quite surprised to have received 9 reservations in the last month. That's a very, very strong interest level for homes to be delivered in July through September of 2021."

$DREM

Solid company here! Company has out for bid 20 jobs with potential sales contract in excess of $6 million

CEO and Chairman Vince Simonelli had the following comments, "The Company continues to record outstanding results for the third quarter of this year, as well as the year to date. The continued strong market interest will positively contribute to the Company's sales through the end of 2020 and well into 2021. I'm extremely pleased with the Company's results."

$DREM

Thin to 08's scott!

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0738 up now!

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I agree, volume here should move DREM more north

Holding green, should see more supporting volume here soon DREM

When volume picks up I think we will go much higher.

DREM

Should hit the radars!

$DREM

Agree, a breakout is getting close

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That is looking good.

DREM

Thinning here to .10+

$DREM

Strong green start here!

$DREM