Diversified Royalty Corp. (DIV-T) Stock Predictions - Stockchase
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Diversified Royalty Corp. (DIV-T)

ON STOCKCHASE SINCE Apr 2002

Formerly Benev Capital (Oct 2014)

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Diversified Royalty Corp.

DIV-T

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Diversified Royalty Corp. (DIV-T) SAVE Apr, 19, 2019, 4:58 am

3.24 0.01 (0.31%)

About Diversified Royalty Corp. (DIV-T)

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SPECULATIVE BUY
They buy royalties from other companies. The payout ratio is about 115%, so be cautious. The sold an asset last year, but have been slow to deploy that to generate new royalties, so it taking time for the metrics to realign. He would give them the benefit of the doubt. Yield 7.2%
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They buy royalties from other companies. The payout ratio is about 115%, so be cautious. The sold an asset last year, but have been slow to deploy that to generate new royalties, so it taking time for the metrics to realign. He would give them the benefit of the doubt. Yield 7.2%
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Peter Hodson

CEO & Head, 5i Research Inc....

Price Price
$3.100
Owned Owned
Unknown

HOLD
These yield plays do well in the summer when cyclicals (and risk-off stocks) are out of favour. Now, investors are very defensive. DIV has been gaining during current seasonal strength (since late-2018). It's been rangebound the past year, though its above its 200-day moving average. Resistance at $3.15. He's not excitied by this, but it is holding.
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These yield plays do well in the summer when cyclicals (and risk-off stocks) are out of favour. Now, investors are very defensive. DIV has been gaining during current seasonal strength (since late-2018). It's been rangebound the past year, though its above its 200-day moving average. Resistance at $3.15. He's not excitied by this, but it is holding.
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Jon Vialoux

Research A, CastleMoore Inc....

Price Price
$3.040
Owned Owned
Unknown

COMMENT
DIV-T vs AD-T He owns Diversified. He likes their management team and it pays a good dividend. He waits to hear how management will deploy their capital going forward, but likes how management has been prudent with it. The yield is enticing. Alaris has stumbled as of late. He prefers DIV-T.
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DIV-T vs AD-T He owns Diversified. He likes their management team and it pays a good dividend. He waits to hear how management will deploy their capital going forward, but likes how management has been prudent with it. The yield is enticing. Alaris has stumbled as of late. He prefers DIV-T.
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Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$2.970
Owned Owned
_N/A

WATCH
It screens very high in his metrics. Nothing wrong fundementally here. A potential buy.
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It screens very high in his metrics. Nothing wrong fundementally here. A potential buy.
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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$2.660
Owned Owned
No

HOLD

Pays a nice dividend. The stock had been coming off. They were supposed to have signed some royalty deals, but haven't in 18 months. He prefers that they take their time and be careful, but eventually they need to sign in order to lower their payout ratio. This should do okay during the current market downturn.

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Pays a nice dividend. The stock had been coming off. They were supposed to have signed some royalty deals, but haven't in 18 months. He prefers that they take their time and be careful, but eventually they need to sign in order to lower their payout ratio. This should do okay during the current market downturn.

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Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$2.910
Owned Owned
Yes

BUY

They buy the royalty rights for a company they are taking over.  It is a high growth business.  They have increased same store sales.  The value will probably go up from here.

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They buy the royalty rights for a company they are taking over.  It is a high growth business.  They have increased same store sales.  The value will probably go up from here.

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Bruce Campbell

President , Stone Castle Investm...

Price Price
$3.090
Owned Owned
Unknown

BUY

 It screens well in his quantitative strategies. They had a big hiccup a year and a half ago with one of their restaurant royalties. Since then, they added an auto muffler and oil change service. It has grown quickly. The stock hasn’t done much but has built a big base at this level. He’s looking to buy more. He likes the interest-sensitive stocks now because he thinks the rate-hike cycle is almost done, especially in Canada. He thinks that a significant consumer slowdown has started, which will put a brake on rates. In the US, the Fed has been indicating too that it is slowing rate hikes. (Analysts’ price target is $4.13) 

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 It screens well in his quantitative strategies. They had a big hiccup a year and a half ago with one of their restaurant royalties. Since then, they added an auto muffler and oil change service. It has grown quickly. The stock hasn’t done much but has built a big base at this level. He’s looking to buy more. He likes the interest-sensitive stocks now because he thinks the rate-hike cycle is almost done, especially in Canada. He thinks that a significant consumer slowdown has started, which will put a brake on rates. In the US, the Fed has been indicating too that it is slowing rate hikes. (Analysts’ price target is $4.13) 

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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$3.240
Owned Owned
Yes

HOLD

They have owned this for some time.  It has holdings in Mr. Lube, Sutton Group and Airmiles.  They hold a lot of cash and have a dividend over 6%.  He would continue to hold this.  Yield 6%.  

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They have owned this for some time.  It has holdings in Mr. Lube, Sutton Group and Airmiles.  They hold a lot of cash and have a dividend over 6%.  He would continue to hold this.  Yield 6%.  

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Mike Archibald

Associate , AGF Investments...

Price Price
$3.180
Owned Owned
Yes

HOLD

He owns this one.  He likes it, but is waiting for them to sign another deal.  Management just bought back a bunch of their shares, which suggests to him they do not have an imminent deal just yet.  He thinks they have a good pipeline for new deal opportunities.  Yield 6.9%. 

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He owns this one.  He likes it, but is waiting for them to sign another deal.  Management just bought back a bunch of their shares, which suggests to him they do not have an imminent deal just yet.  He thinks they have a good pipeline for new deal opportunities.  Yield 6.9%. 

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Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$3.270
Owned Owned
Yes

BUY

He has a small long position in it. They had problems with an investment they made a few years ago, but it has turned around, so there is some momentum to the earnings. (Analysts’ price target is 4$)

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He has a small long position in it. They had problems with an investment they made a few years ago, but it has turned around, so there is some momentum to the earnings. (Analysts’ price target is 4$)

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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$3.320
Owned Owned
Yes

COMMENT

There was talk of them signing another royalty agreement by year-end, and he is not sure that’s going to come to fruition. Still likes the story and continues to have a half decent position in it.

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There was talk of them signing another royalty agreement by year-end, and he is not sure that’s going to come to fruition. Still likes the story and continues to have a half decent position in it.

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Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$3.430
Owned Owned
Yes

BUY

It is an old pick of his.  They buy royalties.  They hit a speed bump a couple of years ago when they bought a royalty stream in Alberta when the economy there tanked.  They now have a lot of promise.  It has a nice little dividend.  As they diversify their royalty stream it should get a higher multiple.

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It is an old pick of his.  They buy royalties.  They hit a speed bump a couple of years ago when they bought a royalty stream in Alberta when the economy there tanked.  They now have a lot of promise.  It has a nice little dividend.  As they diversify their royalty stream it should get a higher multiple.

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Fabrice Taylor

Publisher, The President's Club...

Price Price
$3.530
Owned Owned
Yes

COMMENT

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.

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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.

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Fabrice Taylor

Publisher, The President's Club...

Price Price
$15.780
Owned Owned
Yes

WAIT

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.

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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.

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Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$3.100
Owned Owned
Yes

COMMENT

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.

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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.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$3.110
Owned Owned
No

HOLD

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. 

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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. 

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Fabrice Taylor

Publisher, The President's Club...

Price Price
$2.320
Owned Owned
Unknown

DON'T BUY

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.

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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.

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Andrey Omelchak

President , LionGuard Capital Ma...

Price Price
$2.380
Owned Owned
Unknown

PAST TOP PICK

(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%.

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(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%.

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Fabrice Taylor

Publisher, The President's Club...

Price Price
$2.660
Owned Owned
Yes

COMMENT

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.

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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.

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Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$2.630
Owned Owned
Yes

HOLD

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%.

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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%.

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Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$2.570
Owned Owned
Yes

COMMENT

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.

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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.

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Andrey Omelchak

President , LionGuard Capital Ma...

Price Price
$2.540
Owned Owned
Unknown

BUY

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.

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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.

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Fabrice Taylor

Publisher, The President's Club...

Price Price
$2.580
Owned Owned
Unknown

HOLD

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.

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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.

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Bruce Campbell

President , Stone Castle Investm...

Price Price
$2.620
Owned Owned
Unknown

COMMENT

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.

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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.

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James Telfser

Partner & , Aventine Management ...

Price Price
$2.590
Owned Owned
No

COMMENT

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.

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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.

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Bruce Campbell

President , Stone Castle Investm...

Price Price
$2.540
Owned Owned
Unknown

COMMENT

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.

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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.

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$2.440
Owned Owned
Yes

BUY

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.

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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.

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Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$2.370
Owned Owned
Yes

PAST TOP PICK

(A Top Pick Aug 12/15. Down 9.53%.) The trouble is that they have a royalty on a large group of restaurants in Western Canada, especially Alberta. Just sold their royalty stream to Cara Operations, so in a couple of months they are going to have $80 million in cash. He doesn’t think the dividend is in trouble, and has bought some more. Thinks the stock is going to do well.

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(A Top Pick Aug 12/15. Down 9.53%.) The trouble is that they have a royalty on a large group of restaurants in Western Canada, especially Alberta. Just sold their royalty stream to Cara Operations, so in a couple of months they are going to have $80 million in cash. He doesn’t think the dividend is in trouble, and has bought some more. Thinks the stock is going to do well.

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Fabrice Taylor

Publisher, The President's Club...

Price Price
$2.400
Owned Owned
Yes

COMMENT

A top 5 holding in his small-cap fund with a 9.2% yield. Payout ratio is around 100%, but they had to pay out $8 million due to a lawsuit. That is now over, so the next quarter will be the 1st quarter where you don’t have those embedded costs, which should bring the payout ratio down. You also get a hidden exposure to an improvement in the oil price, because part of their revenue comes from a restaurant chain in Alberta. At the same time there is an underpinning of real estate across the country and a royalty stream on Mr. Lube.

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A top 5 holding in his small-cap fund with a 9.2% yield. Payout ratio is around 100%, but they had to pay out $8 million due to a lawsuit. That is now over, so the next quarter will be the 1st quarter where you don’t have those embedded costs, which should bring the payout ratio down. You also get a hidden exposure to an improvement in the oil price, because part of their revenue comes from a restaurant chain in Alberta. At the same time there is an underpinning of real estate across the country and a royalty stream on Mr. Lube.

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$2.460
Owned Owned
Yes

COMMENT

It seems things are getting close to being finalized with the Bennett litigation. That will mean the company will no longer have to pay for Mr. Bennett’s legal bills. The company just released a pretty decent quarter. However, their payout ratio came out to less than 100%, and the stock price actually started to move up off of that. It looks like the Alberta economy is going to start to pick up, which will mean a bottoming in the Franworks Restaurant, and you could see same-store sale improvements. It looks like the dividend is sustainable at these levels. If you are a longer-term investor and can wait for Franworks to turn itself around, you will then get a nice yield and probably some capital appreciation. When that happens, management is probably scouting out for the next deal as they want to make this a multi-royalty company.

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It seems things are getting close to being finalized with the Bennett litigation. That will mean the company will no longer have to pay for Mr. Bennett’s legal bills. The company just released a pretty decent quarter. However, their payout ratio came out to less than 100%, and the stock price actually started to move up off of that. It looks like the Alberta economy is going to start to pick up, which will mean a bottoming in the Franworks Restaurant, and you could see same-store sale improvements. It looks like the dividend is sustainable at these levels. If you are a longer-term investor and can wait for Franworks to turn itself around, you will then get a nice yield and probably some capital appreciation. When that happens, management is probably scouting out for the next deal as they want to make this a multi-royalty company.

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Bruce Campbell

President , Stone Castle Investm...

Price Price
$2.430
Owned Owned
Unknown

HOLD

(Market Call Minute.) Very interesting business. Mr. Lube has got 4% same-store sales growth pretty consistently, but given the business structure, he is on the sidelines.

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(Market Call Minute.) Very interesting business. Mr. Lube has got 4% same-store sales growth pretty consistently, but given the business structure, he is on the sidelines.

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James Telfser

Partner & , Aventine Management ...

Price Price
$2.380
Owned Owned
No

COMMENT

The market is obviously a little concerned about the dividend which is fairly high. However, overall he feels it is going to be fairly safe, because the CEO built this company to be a royalty stream company, and as a result knows that that dividend has to be sacred, so will do what he can to keep it and maintain it. There is some cyclicality to the business, especially in the Fran Works, a restaurant business mostly out in Alberta. The CEO is always working on new royalty streams. He wouldn’t be surprised to see him come up with something brand-new.

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The market is obviously a little concerned about the dividend which is fairly high. However, overall he feels it is going to be fairly safe, because the CEO built this company to be a royalty stream company, and as a result knows that that dividend has to be sacred, so will do what he can to keep it and maintain it. There is some cyclicality to the business, especially in the Fran Works, a restaurant business mostly out in Alberta. The CEO is always working on new royalty streams. He wouldn’t be surprised to see him come up with something brand-new.

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Bruce Campbell

President , Stone Castle Investm...

Price Price
$2.270
Owned Owned
Unknown

COMMENT

There is worry about their 10% dividend, but he is not worried about it being cut at this time. Likes management. This has been in a tough position, as some of their restaurants were in Alberta. Mr. Lube, which they own, has been doing very well. Also, have royalties on Sutton, a real estate play. He still likes this.

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There is worry about their 10% dividend, but he is not worried about it being cut at this time. Likes management. This has been in a tough position, as some of their restaurants were in Alberta. Mr. Lube, which they own, has been doing very well. Also, have royalties on Sutton, a real estate play. He still likes this.

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Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$2.260
Owned Owned
Yes

COMMENT

Very impressed with management. They have some good businesses and are just getting underway to build this business up. Expects them to do a couple of deals a year. Hasn’t bought this yet, but is following it very closely. The dividend might be in question if they have to keep paying legal fees.

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Very impressed with management. They have some good businesses and are just getting underway to build this business up. Expects them to do a couple of deals a year. Hasn’t bought this yet, but is following it very closely. The dividend might be in question if they have to keep paying legal fees.

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James Telfser

Partner & , Aventine Management ...

Price Price
$2.200
Owned Owned
No

COMMENT

Looked at this when it first came out, and was thinking about it as a Short. The main concern was their initial investment in Western Canada was essentially casual dining. When you look at the experience of others in the last downturn in 2008-2009, it had a big impact, particularly in Alberta. They have since diversified with 2 other investments including Mr. Lube and a realty company. He likes those 2 additions, but it has been dragged down by the casual dining business. Ultimately they are going to diversify into more than just 3 investments, so for the time being he is happy to stay on the sidelines. 9.8% dividend yield.

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Looked at this when it first came out, and was thinking about it as a Short. The main concern was their initial investment in Western Canada was essentially casual dining. When you look at the experience of others in the last downturn in 2008-2009, it had a big impact, particularly in Alberta. They have since diversified with 2 other investments including Mr. Lube and a realty company. He likes those 2 additions, but it has been dragged down by the casual dining business. Ultimately they are going to diversify into more than just 3 investments, so for the time being he is happy to stay on the sidelines. 9.8% dividend yield.

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Jerome Hass

Portfolio , Lightwater Partners...

Price Price
$2.280
Owned Owned
No

BUY

(Market Call Minute.) Alberta is getting better and there is a good yield on the stock.

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(Market Call Minute.) Alberta is getting better and there is a good yield on the stock.

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Steve DiGregori

Portfolio , Canoe Financial...

Price Price
$2.250
Owned Owned
No

COMMENT

(Market Call Minute.) This sold off after a weak Q1 due to weak restaurant sales in Western Alberta. Believes their dividend is more sustainable than the street believes. Has been nibbling on this in its weakness. Just under 10% dividend yield, which he feels is sustainable.

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(Market Call Minute.) This sold off after a weak Q1 due to weak restaurant sales in Western Alberta. Believes their dividend is more sustainable than the street believes. Has been nibbling on this in its weakness. Just under 10% dividend yield, which he feels is sustainable.

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$2.230
Owned Owned
Yes

COMMENT

A pretty good company, based in Calgary. They are trying to acquire different assets which they can generate free cash flow from in order to pay high dividend yields. Currently it is a very high payout ratio. He is a bit concerned about their latest acquisition which they have potentially overpaid for. Over the long-term, the management team is very smart and really know what they are doing, and will build a good business and continue paying a high dividend yield.

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A pretty good company, based in Calgary. They are trying to acquire different assets which they can generate free cash flow from in order to pay high dividend yields. Currently it is a very high payout ratio. He is a bit concerned about their latest acquisition which they have potentially overpaid for. Over the long-term, the management team is very smart and really know what they are doing, and will build a good business and continue paying a high dividend yield.

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Andrey Omelchak

President , LionGuard Capital Ma...

Price Price
$2.250
Owned Owned
Unknown

COMMENT

(Market Call Minute.) Probably one that if you hold long term, you will probably do well. Have had a tough time lately with same-store sales numbers out of the restaurant chain, but Mr. Lube has done really well. Expects they will probably make more acquisitions as time goes by.

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(Market Call Minute.) Probably one that if you hold long term, you will probably do well. Have had a tough time lately with same-store sales numbers out of the restaurant chain, but Mr. Lube has done really well. Expects they will probably make more acquisitions as time goes by.

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Bruce Campbell

President , Stone Castle Investm...

Price Price
$2.240
Owned Owned
Unknown

BUY

(Market Call Minute) We will see some good numbers come out of it in the next few weeks.  Mr. lube should come out with a record quarter.

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(Market Call Minute) We will see some good numbers come out of it in the next few weeks.  Mr. lube should come out with a record quarter.

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Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$2.290
Owned Owned
Unknown

COMMENT

This has only 3 investments right now. It is trading on the dividend. Has a pretty high yield right now of 9.7%. He would like to see them do a couple of more deals. An alternative would be Alaris (AD-T) which is not that small, but much more diversified in terms of their investments, and have raised their dividend pretty much every year for the past 5-6 years.

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This has only 3 investments right now. It is trading on the dividend. Has a pretty high yield right now of 9.7%. He would like to see them do a couple of more deals. An alternative would be Alaris (AD-T) which is not that small, but much more diversified in terms of their investments, and have raised their dividend pretty much every year for the past 5-6 years.

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Peter Hodson

CEO & Head, 5i Research Inc....

Price Price
$2.280
Owned Owned
Unknown

TOP PICK

Owns Mr. Lube, Sutton Realty and Fran Works a restaurant group. Fran Works is heavily concentrated in Alberta, so sales are weak. It has driven the stock price down creating a 10% dividend yield. If oil prices continue to improve, even slowly, sentiment will improve. If investors in one year decide that they’ll accept an 8% dividend yield from the stock and the dividend doesn’t change, you are looking at a 35% upside. 10% on the yield and 25% on the stock. They are diversifying away from these 3 royalties. Dividend yield of 9.51%, and he would recommend the DRIP.

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Owns Mr. Lube, Sutton Realty and Fran Works a restaurant group. Fran Works is heavily concentrated in Alberta, so sales are weak. It has driven the stock price down creating a 10% dividend yield. If oil prices continue to improve, even slowly, sentiment will improve. If investors in one year decide that they’ll accept an 8% dividend yield from the stock and the dividend doesn’t change, you are looking at a 35% upside. 10% on the yield and 25% on the stock. They are diversifying away from these 3 royalties. Dividend yield of 9.51%, and he would recommend the DRIP.

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Fabrice Taylor

Publisher, The President's Club...

Price Price
$2.300
Owned Owned
Yes

BUY

(Market Call Minute) They are over-penalized for exposure out West.

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(Market Call Minute) They are over-penalized for exposure out West.

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$2.180
Owned Owned
Yes

COMMENT

Pays a very good dividend because the stock collapsed on concerns of their Western Canadian exposure. They have 3 businesses, Sutton Home Realty, Mr. Lube and some restaurants out West, which is clearly the area of concern. It should be able to comfortably pay the existing dividend. Management has decided to get paid in stock rather than cash, which expresses confidence in their business. 10.5% dividend yield.

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Pays a very good dividend because the stock collapsed on concerns of their Western Canadian exposure. They have 3 businesses, Sutton Home Realty, Mr. Lube and some restaurants out West, which is clearly the area of concern. It should be able to comfortably pay the existing dividend. Management has decided to get paid in stock rather than cash, which expresses confidence in their business. 10.5% dividend yield.

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$2.170
Owned Owned
Yes

PAST TOP PICK

(A Top Pick Jan 14/15. Down 12.82%.) Sold his holdings a little higher than where it is now. Great operation and great management team. The majority of their restaurants are in Alberta which is going to affect them. Mr. Lube was a great acquisition and is really going to pay dividends for the stock.

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(A Top Pick Jan 14/15. Down 12.82%.) Sold his holdings a little higher than where it is now. Great operation and great management team. The majority of their restaurants are in Alberta which is going to affect them. Mr. Lube was a great acquisition and is really going to pay dividends for the stock.

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Bruce Campbell

President , Stone Castle Investm...

Price Price
$2.160
Owned Owned
No

COMMENT

The 1st royalty this company bought was on a restaurant group that was heavily concentrated in Alberta, and it is still about 40% of their business. They diversified and have a royalty on Mr. Lube, a very, very good franchise. Also, have one on a real estate firm. You’ll see them doing other royalty deals, perhaps before year-end, but certainly sometime in the new year. The CEO wants to move away from Alberta, and once he does that, you will see the multiple improve along with the stock price. Have raised their dividend a few times in the last year. Nice yield of 9.2%.

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The 1st royalty this company bought was on a restaurant group that was heavily concentrated in Alberta, and it is still about 40% of their business. They diversified and have a royalty on Mr. Lube, a very, very good franchise. Also, have one on a real estate firm. You’ll see them doing other royalty deals, perhaps before year-end, but certainly sometime in the new year. The CEO wants to move away from Alberta, and once he does that, you will see the multiple improve along with the stock price. Have raised their dividend a few times in the last year. Nice yield of 9.2%.

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Fabrice Taylor

Publisher, The President's Club...

Price Price
$2.450
Owned Owned
Yes

COMMENT

Has been cynical on this for quite a while. Despite the name, they were a “one trick pony”. Since then they have added 2 other investments including a real estate company and Mr. Lube. Liked their Mr Lube addition and it is becoming more attractive, but it is still only 3 businesses that you are investing in. 9% dividend yield. Prefers Grenville Strategic Royalty (GRC-X).

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Has been cynical on this for quite a while. Despite the name, they were a “one trick pony”. Since then they have added 2 other investments including a real estate company and Mr. Lube. Liked their Mr Lube addition and it is becoming more attractive, but it is still only 3 businesses that you are investing in. 9% dividend yield. Prefers Grenville Strategic Royalty (GRC-X).

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Jerome Hass

Portfolio , Lightwater Partners...

Price Price
$2.470
Owned Owned
No

BUY

Likes this company. They have royalty streams from 3 areas, Mr. Lube, Suffield Realty and a bunch of restaurants. Last quarter was weak because the same-store sales from their Alberta restaurants were down. At $2.40-$2.50 it looks pretty darn good.

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Likes this company. They have royalty streams from 3 areas, Mr. Lube, Suffield Realty and a bunch of restaurants. Last quarter was weak because the same-store sales from their Alberta restaurants were down. At $2.40-$2.50 it looks pretty darn good.

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$2.500
Owned Owned
Yes

BUY

An interesting stock. They buy royalties on different businesses. They have 3 holdings, a restaurant franchise, Sutton and Mr. Lube, and they get overriding royalties on these. He likes the model of the royalty business and thinks it is very solid. They are going to be able to recycle capital to other businesses, and eventually build a very stable royalty stream. Dividend yield of 8.3%.

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An interesting stock. They buy royalties on different businesses. They have 3 holdings, a restaurant franchise, Sutton and Mr. Lube, and they get overriding royalties on these. He likes the model of the royalty business and thinks it is very solid. They are going to be able to recycle capital to other businesses, and eventually build a very stable royalty stream. Dividend yield of 8.3%.

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Steve DiGregori

Portfolio , Canoe Financial...

Price Price
$2.700
Owned Owned
No

PAST TOP PICK

(Top Pick Oct 15/14, Up 14.67%) They just announced a royalty agreement with Mr. Lube.  This is transformative.  There is some headwind because of Alberta exposure through a restaurant chain they have an agreement with.  Management thinks the 8% dividend is safe and plan to raise it soon.  He hopes they will make an acquisition before year end.

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(Top Pick Oct 15/14, Up 14.67%) They just announced a royalty agreement with Mr. Lube.  This is transformative.  There is some headwind because of Alberta exposure through a restaurant chain they have an agreement with.  Management thinks the 8% dividend is safe and plan to raise it soon.  He hopes they will make an acquisition before year end.

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Fabrice Taylor

Publisher, The President's Club...

Price Price
$2.570
Owned Owned
Yes

PAST TOP PICK

(Top Pick Nov 26/14, Down 1.41%) He still likes the story.  The yield is 7.8%.  They have three royalty agreements now.  They are at the early stages of their growth.  He is very comfortable with the companies they have signed.  There is some downside protection from their dividend, which they just raised.  He is not worried about the dividend.

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(Top Pick Nov 26/14, Down 1.41%) He still likes the story.  The yield is 7.8%.  They have three royalty agreements now.  They are at the early stages of their growth.  He is very comfortable with the companies they have signed.  There is some downside protection from their dividend, which they just raised.  He is not worried about the dividend.

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Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$2.550
Owned Owned
Yes

PAST TOP PICK

(A Top Pick Sept 24/14. Up 17.73%.) Has done 2 more acquisitions since their Calgary restaurant. These include Sutton Realty and Mr. Lube. They’re always on the hunt for more deals. Has a nice dividend of 7.6%.

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(A Top Pick Sept 24/14. Up 17.73%.) Has done 2 more acquisitions since their Calgary restaurant. These include Sutton Realty and Mr. Lube. They’re always on the hunt for more deals. Has a nice dividend of 7.6%.

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Bruce Campbell

President , Stone Castle Investm...

Price Price
$2.680
Owned Owned
Yes

COMMENT

These royalty companies are sort of interesting. You have to absolutely trust management. You are sort of buying a portfolio of businesses. They have been making successful acquisitions, and as long as they continue to do so it fits well into her “growth by acquisition” theme. Acquisitions have been diversified. She prefers this over focusing on one industry only.

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These royalty companies are sort of interesting. You have to absolutely trust management. You are sort of buying a portfolio of businesses. They have been making successful acquisitions, and as long as they continue to do so it fits well into her “growth by acquisition” theme. Acquisitions have been diversified. She prefers this over focusing on one industry only.

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Veronika Hirsch

Chief Inve, Arrow Capital...

Price Price
$2.610
Owned Owned
Unknown

COMMENT

(Market Call Minute.) Has a good little business plan. Have done really well with diversifying their royalty and getting into businesses that we haven’t seen in the public market before.

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(Market Call Minute.) Has a good little business plan. Have done really well with diversifying their royalty and getting into businesses that we haven’t seen in the public market before.

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Bruce Campbell

President , Stone Castle Investm...

Price Price
$2.780
Owned Owned
Unknown

PAST TOP PICK

(Past top pick, October 15, 2014, up 31.54 %)  He has added to it recently. It has been a great ride so far.. It has been doing well in a poor market. Since recommending it has had two royalty acquisitions, they have increased their dividend twice, They have a decent yield of 6-6.5. They have diversified in different areas. They own royalties on a group of restaurants. Closing a deal on a royalty for Mr Lube. They own a royalty for Sutton Group Real Estate..

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(Past top pick, October 15, 2014, up 31.54 %)  He has added to it recently. It has been a great ride so far.. It has been doing well in a poor market. Since recommending it has had two royalty acquisitions, they have increased their dividend twice, They have a decent yield of 6-6.5. They have diversified in different areas. They own royalties on a group of restaurants. Closing a deal on a royalty for Mr Lube. They own a royalty for Sutton Group Real Estate..

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Fabrice Taylor

Publisher, The President's Club...

Price Price
$2.940
Owned Owned
Yes

TOP PICK

This was a past top pick and he still really likes it a lot. It has had two royalty acquisitions, they have increased their dividend twice. He thinks he might be able to get a 20% return over the next year.

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This was a past top pick and he still really likes it a lot. It has had two royalty acquisitions, they have increased their dividend twice. He thinks he might be able to get a 20% return over the next year.

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Fabrice Taylor

Publisher, The President's Club...

Price Price
$2.940
Owned Owned
Unknown

COMMENT

He looked at this as a possible Short idea. One thing that struck him is that it isn’t actually diversified in spite of its name, it only has one investment, casual dining in Western Canada. So for him, the risk profile is not something he feels very comfortable with, particularly with what is happening in Western Canada. Until it actually becomes diversified, he doesn’t think he wants to hold it. He would prefer Grenville Strategic Royalty (GRC-X), which has about 24 names.

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He looked at this as a possible Short idea. One thing that struck him is that it isn’t actually diversified in spite of its name, it only has one investment, casual dining in Western Canada. So for him, the risk profile is not something he feels very comfortable with, particularly with what is happening in Western Canada. Until it actually becomes diversified, he doesn’t think he wants to hold it. He would prefer Grenville Strategic Royalty (GRC-X), which has about 24 names.

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Jerome Hass

Portfolio , Lightwater Partners...

Price Price
$2.850
Owned Owned
No

BUY

When they start to deploy their cash balance you will see the stock move higher and the dividends increase.  They need to make an acquisition.  Restaurants are a no-brainer.

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When they start to deploy their cash balance you will see the stock move higher and the dividends increase.  They need to make an acquisition.  Restaurants are a no-brainer.

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Fabrice Taylor

Publisher, The President's Club...

Price Price
$2.700
Owned Owned
Yes

COMMENT

Likes this company. Management has a really long history in managing restaurant royalty chains. He is waiting for them to do another acquisition. They have talked about being a multi-business approach, not just restaurants. Expect the market will wait until they add another royalty stream, at which time that will bring the stock price up and the yield down. Yield of 7%.

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Likes this company. Management has a really long history in managing restaurant royalty chains. He is waiting for them to do another acquisition. They have talked about being a multi-business approach, not just restaurants. Expect the market will wait until they add another royalty stream, at which time that will bring the stock price up and the yield down. Yield of 7%.

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Bruce Campbell

President , Stone Castle Investm...

Price Price
$2.650
Owned Owned
Yes

HOLD

Royalty stream on restaurants out west.  Are negotiating a number of other royalty agreements.  Will be a long term good story.  A Top Pick previously.

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Royalty stream on restaurants out west.  Are negotiating a number of other royalty agreements.  Will be a long term good story.  A Top Pick previously.

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Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$2.660
Owned Owned
Yes

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