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Alaris Royalty Corp ALARF

"Alaris Royalty Corp is engaged in investing in operating entities. Its operations consist primarily of investments in private operating entities, typically in the form of preferred limited partnership interests, preferred interest in limited liability corporations in the United States, loans receivable, or long-term license and royalty arrangements."


GREY:ALARF - Post by User

Bullboard Posts
Post by anon314on Nov 11, 2015 7:31am
419 Views
Post# 24280149

Canaccord Genuity Summary by Scott Chan on 2015.11.11

Canaccord Genuity Summary by Scott Chan on 2015.11.11

Investment recommendation

We maintain our BUY rating and are lowering target price to C$34.00/sh (from C$38.00). Using our DCF model, we have slightly increased our equity market risk premium to 5.5% (from 5%) that reflects headwinds on some of AD’s investments (i.e., KMH, SCR, SMi). This is partially offset by lower rates on its new credit facility.

YTD, AD stock has faced downward pressure on concerns over specific investments. We believe the near-term catalysts for the stock could include (1) resolution at KMH; (2) positive partner updates from Agility, SMi and Kimco; and (3) higher investments YoY. 


Bullboard Posts