RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:God I love this marketDigitel, the entire modus operandi for Royalty companies is to buy into boring, stable revenue streams.
I am not sure what component of a 5% revenue decline in only a single business segment for this royalty component constitutes a disaster, but you sure are spinning things a certain way.
If you look at O&G companies you will see declines of 60-75% in their revenues. Now that is significant.
5% decline in a 40% business segment when the other business lines are growing...not so much.
The bottom line is that the earnings have not been significantly affected, and no sign of a dividend cut.
Sean Morrison has said he will do one to three deals per year, and do you think they will be based in Alberta going forwards? Here is a hint: his last deal was Mr. Lube.
Anyway, your money is short and my money is long, and we will see who is ahed in three years, good luck.