Viewing Company Diversified Royalty Corp. | StockChase
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Compiling comments that experts make about stocks while on public TV.

Diversified Royalty Corp. Stock Symbol: DIV-T

Notes:

Formerly Benev Capital (Oct 2014)

Last Price Recorded: $3.4300 on 2017-10-20

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Date Signal Expert Opinion Price
2017-10-05 COMMENT Fabrice Taylor

Hit a big speedbump a couple of years ago, when they bought a royalty on an Alberta centric restaurant chain. The CEO is one of the best he has ever met. He managed to sell that chain, and then sat on the cash. He just bought the Air Miles trademark and a variety of related royalties in Canada. That sent the stock sharply higher. Dividend yield of about 7%. This is a great business to own.


Price:
$15.780
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
Yes
2017-09-28 WAIT Peter Imhof

It has had a really big run here. It was falling and then they signed with Air Miles. Now their payout ratio is not above 100% like it was. They may sign another deal by year end and that would cover off their dividend. He likes the management team but he is not sure theres much more upward room left, unless they sign another deal. Some analysts are calling for $3.75-$4. There's strength and the fundamentals are looking good, but he thinks its more fairly priced now than it was a couple months ago.


Price:
$3.100
Subject:
NORTH AMERICAN - SMALL
Bias:
BULLISH on SMALL CAPS
Owned:
Yes
2017-09-26 COMMENT Benj Gallander

It has done so well that he is not interested in it. He prefers companies that are out of favour. This has franchises, including Mr. Lube, Sutton Realty and Air Miles. Pays a great dividend, but has no idea how sustainable that is. Had a bit of a checkered past, so he is not as interested. If looking for a dividend player, and if this company can sustain their dividend, it could do very, very well going forward.


Price:
$3.110
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
UNKNOWN
Owned:
No
2017-08-21 HOLD Fabrice Taylor

A royalty company.  They pay out almost all cash in their dividends.  They acquired a Western Canada restaurant chain, but sold it and are sitting on a lot of cash.  Their dividend is not covered.  It should be relatively soon that they make a replacement acquisition and then you should see the stock pop.  The high yield is not risky because they have the cash balance to cover the yield.  He thinks the management will do something intelligent. 


Price:
$2.320
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Unknown
2017-07-27 DON'T BUY Andrey Omelchak

A healthy dividend yield, but once you adjust for onetime items it is about a 100% payout ratio.  Maybe they will grow into their dividend.  The management has done an okay job to date.  He prefers AD-T.  Be careful until they fix the problems with their payout ratio.


Price:
$2.380
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Unknown
2017-05-30 PAST TOP PICK Fabrice Taylor

(A Top Pick April 27/16. Up 27%.) He likes this company. They buy royalties and have done a good job. Had a misstep when they bought an interest in an Alberta restaurant, which hurt them a lot when the economy turned down. However, they got rid of that at a good price. They have lots of cash. Have a royalty on Mr. Lube and are looking around for more. A good CEO which has good deal-making abilities. Dividend yield of 8.4%.


Price:
$2.660
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-05-25 COMMENT Peter Imhof

Payout ratio is more than 100%, but they sold one of their Alberta assets. They are looking to redeploy that cash from that, but for now they’re going to pay a little bit more than their actual cash flow numbers. Their dividend is quite high at about 8.5%, so people are worried about that. If you break up this company, you could get close to $3.


Price:
$2.630
Subject:
SMALL CAPS
Bias:
BULLISH
Owned:
Yes
2017-02-28 HOLD Peter Imhof

Pretty steady right now because they sold one of their assets and have a lot of cash on the balance sheet. They are looking for other things to deploy their capital. They own Mr. Lube which has been consistently growing through the years, as well as Sutton Real Estate. Feels comfortable with this, and it is just a matter of what they are going to deploy their capital in. Has a nice yield of 8.7%.


Price:
$2.570
Subject:
NORTH AMERICAN - SMALL
Bias:
UNKNOWN
Owned:
Yes
2017-02-24 COMMENT Andrey Omelchak

A pretty solid company. They’ve had some missteps in the past when they made an acquisition and overpaid for it. They tried to establish a footprint, and as a result he thinks they overpaid. However, he feels that management is very solid and the dividend yield is sustainable, although it is a pretty high payout ratio. Expects that there will be more acquisitions from them, and over time, it will become a solid, dividend, profile stock. However, the risks are still elevated as to their payout ratio.


Price:
$2.540
Subject:
CANADIAN & HEDGING
Bias:
UNKNOWN
Owned:
Unknown
2017-02-16 BUY Fabrice Taylor

A royalty company.  He likes that business model.  The CEO acquired a chain of royalty streams in an Alberta restaurant chain.  The dividend is close to 10%, but it is not covered by cash.  He recommends getting it with a DRIP program.  It is not the safest dividend stock but it is interesting.


Price:
$2.580
Subject:
NORTH AMERICAN
Bias:
SELECTIVE
Owned:
Unknown
2017-01-25 HOLD Bruce Campbell (2)

He really takes his hat off to Sean Morrison who was the one that structured the deals in some of the restaurant royalties. Their first royalty deal was Fran Works, and same-store sales declined quite dramatically because of their Alberta exposure, but he was able to sell that for more than what he had paid for it. He is now sitting on about $85 million, and is hunting for some more royalties. These things don’t happen fast. 8.5% dividend yield.


Price:
$2.620
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Unknown
2017-01-12 COMMENT James Telfser

Of the 3 royalty businesses, this is the one that he would gravitate to if he were going to invest. It has a nice dividend yield which attracts investors. The one issue with these companies is finding good investments that are going to yield and feed that 10% dividend. In the last year, they have been divesting assets, but they have Mr. Lube as well as another real estate asset, which are good assets. He is on the sidelines until he sees something that they actually do. There are better places to get dividend growth.


Price:
$2.590
Subject:
CANADIAN
Bias:
BULLISH
Owned:
No
2016-10-26 COMMENT Bruce Campbell (2)

They want to reduce their share capital. Had made their transformational move into the royalty business when they bought Fran Works. Recently announced a two-part transaction where Cara was buying that, and were effectively getting paid back for the royalty they have. When they initially bought it, they issued shares to the man who sold them Fran Works, so they were bringing those shares back and cancelling them, meaning that their share count would drop. This company has 2 royalty streams, Mr. Lube and Sutton Real Estate. They have cash now and are looking for new royalties. The dividend is fairly secure.


Price:
$2.540
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2016-10-07 COMMENT Eric Nuttall

He owns this because he thinks it is a misunderstood dividend paying company that offers a pretty healthy dividend yield. About a month ago, they had 3 royalty streams with exposure to Western Canada, a market that has been under enormous pressure. The company is selling off the restaurant business, which they got a pretty good price. They will now be hugely reliant on Mr. Lube, which has had positive same-store sales for 20 years. Because they are selling off their restaurant, their payout ratio is in excess of 100%, but with the cash they are getting, they could overspend a minimum of about 5 years. Thinks they will make another acquisition. Feels the current cash flow is sustainable.


Price:
$2.440
Subject:
ENERGY & SMALL CAP EQUITIES
Bias:
BULLISH on OIL
Owned:
Yes
2016-09-29 BUY Peter Imhof

They just sold off an asset and got a huge amount of cash so their payout ratio, although over a 100 percent is okay.  He feels the dividend is safe.  He likes the management team.  It has been a tough environment for them with assets in Alberta.


Price:
$2.370
Subject:
NORTH AMERICAN - SMALL
Bias:
BULLISH on SMALL CAPS
Owned:
Yes
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