When real estate and precious metals become expensive Masterbeat (OTC: MSTO) has an opportunity to take a huge advantage. Today its stock is soaring 63% amid selling its asset 183 Rolling Dunes for $4.25 million. After covering all the operating costs Masterbeat expects to have a gross profit of $2.4 Million.
Before the successful transaction, the company has settled all the work regarding facilities inside the building:
- Heating, Ventilation, and Air Conditioning
- Painting and coatings are to be finished at the end of March
- Hardie Siding
- Tongue and Groove Ceilings
- Electrical Wiring
Interior works have also been finished for the new owner.
We have not seen Masterbeat selling precious metals yet this year. Perhaps, the top management is not ready to lose physical precious assets now as they are not expected to fall in prices. Real estate has always been trending in developing cities. Masterbeat has a lot of chances to repeat similar deals.