
TSE:AW
Sees this as a good long term, growing, practical, well-managed company. The risk on this is always competition. They have gone with a very aggressive media strategy and into a healthier product which seems to be doing well. Have also built new strategic locations. Expects they will have continuing success.
This is good for income. What has really attracted him to this is the consistency. As a royalty company, all they really do is cash cheques. They get cheques from the restaurant, a 3% royalty. Have raised their distribution twice this year. Same store sales growth is 8.3%, which in this business is absolutely unbelievable. Have also made a push into organics, which has really hit a nerve with consumers. Dividend yield of 5.42%.
Likes this company a lot. They have been killing the numbers in terms of same store growth versus the rest of the industry. Just reported an 8% growth. They keep raising their dividend and keep outperforming the market and keep paying a nice dividend. A solid name that people just don’t know that well.
Doesn't own this in the funds because he can't get enough of it to fill the accounts, but owns a little personally. They have done a terrific job, both with their ad campaign and the focus on having healthier sourcing of their product, and their expansion. A great franchise and have been really clever on advertising.
Very well operated company. A royalty company so it continues to pay you a nice dividend. In terms of trends, this is what worries him. Have had negative comps for the last couple of quarters and competition is picking up but feels that the yield will support the stock. Keep an eye on their comp numbers. If there is a suggestion that they are facing huge headwinds in terms of their market share, it doesn’t matter what the dividend is, you want to get away.