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, 7:30 am

3.24 0.01 (0.31%)

About Diversified Royalty Corp. (DIV-T)

Bennett Environmental Inc. was a Canadian company based in Oakville, Ontario. It specialized in the recovering of soils contaminated with chlorinated hydrocarbons, including PCBs and PCPs, Dioxins and Furans. More at Wikipedia

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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

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