RE:RE:Q4 - $7.4 million of royalty revenue - slightly lower SSGSbabedinkleman wrote: Better results than I figured they would be. And obviously no cut to the dividend. As and me and many others figured.....the results out west were only down a very small amount. Franworks down 1.9% in the fourth quarter in CAD....much better than I expected. A pittance considering what is supposedly going on out there 'according to the media" A good illustration would be that instead of 1000 customers they have 981? Or the same number of customers as before, but instead of spending $50 as a couple they spend $49.05 Durrrr....I wish GJPerry were here to explain how this works. No wonder they continue to open restaurants there.
This really statement says it all....
"Sean Morrison, President and CEO of DIV stated, "DIV's overall weighted average Fourth Quarter SSSG, in Canadian dollars, was approximately minus 0.7%. The estimated negative impact on DIV's annual revenue is less than $225,000 or $0.002 per share. The slightly negative SSSG in DIV's royalty portfolio in the Fourth Quarter, given the economically challenging environment, is a testament to the quality and diversification of its royalty streams."
These results do indeed make a good case for why this should be well over 3 bucks in no time. No bad surprises....litigation costs over.
Dividend cut? Not a chance.
**** So, if the readers of this forum went out twice a month for a meal and a drink, SSSG may well be even!