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Becker Milk Co Ltd T.BEK.B

Alternate Symbol(s):  BCKMF

The Becker Milk Company Limited is a Canada-based company, which is engaged in the ownership and management of retail commercial properties in Ontario, Canada. The Company primarily leases retail stores with a few residential sites. The Company owns and manages approximately 38 commercial properties in various southern Ontario communities. Its properties are single store sites with a few multi-store plazas, including one residential unit above a retail commercial store. The Company has leased to third parties 51 retail units, 36 of which were leased to Mac’s Convenience Stores Inc. operating under their Mac’s Convenience Stores brand (two stores) or their Circle K Stores brand (34 stores). The remaining 15 retail units and one residential unit were leased to other tenants.


TSX:BEK.B - Post by User

Comment by Oneinamillionon Jan 27, 2023 6:59pm
96 Views
Post# 35251291

RE:RE:bek.b

RE:RE:bek.bHi Charlie and other long term investors...any comments on where you see Becker going from here?  Just more asset sales to keep up the cash flow and dividends? Or a sale to some reit or retail chain? My own guess is that they will need to sell fairly soon as they can't just keep selling off bits and pieces for ever....and the directors are no spring chickens....which is putting it mildly as you know.
There should be interest in the store/gas station locations as they could be used for electric/hydrogen stations with shopping attached...a new model that retailers like ACT seem to be envisaging. Incoming funds seem to enough to me to handle the next 2 rounds of dividends....maybe even a special dividend? 
All imho.
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