RE:RE:Crystal ballPretty succinct and accurate..except I don't think Brian's hit 80 yet. To add to what Charlie said, this seems to me to be some kind of estate plan unfolding. There was some talk of a company sale some years back, and the properties where formally studied and documentation was prepared to satisfy potential due diligence concerns
But no buyer emerged...well one was making waves with an offer that never hit us shareholders...there's the inner circle of septua, octo and nona genarians that looked at it and turned it down. It's that multiple voting block that needs to buy in
Since then properties have been sold and we get a nice special dividend every now and again.
We saw the cash pile growing and speculated for several to more quarters before that $2 special one was declared just over a year ago.
Charlie and I have enjoyed more than one of these and hold a meaningful number of shares each.
I'm in big into BEK as a yield play until whatever gets done with the shares...
quote=Lawyerup]Hi One, dividend is safe. Bek has a large cash position, Couche Tard stocks, no debt and has never missed a dividend payout in its history. The dividend payout ratio is high because they have been liquidating properties and cash flow has dropped. Buyout is anybody's guess we have a shrinking company, a CEO that is pushing 90 years old, a CFO that is in his 80s. Many of us here have been holders for years and years. For me and a few others we will see it through to the end but have enjoyed some great special dividends (last one was $2 share) and the regular dividends like clockwork. Volume is low and share price doesn't move much along with little interest in this gem. So do your DD if you think Becker might sell or its a good pick for you for the dividends. All the best, Charlie.[/quote]