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Diversified Royalty Corp T.DIV

Alternate Symbol(s):  T.DIV.DB.A | BEVFF

Diversified Royalty Corp. is a multi-royalty company. The Company is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. The Company owns Mr. Lube, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademark. Mr. Lube is the quick lube service business in Canada, with locations across Canada. Mr. Mikes operates casual steakhouse restaurants primarily in western Canadian communities. Nurse Next Door is North America’s growing home care provider with locations across Canada and the United States as well as in Australia. Oxford Learning Centres is a franchised supplemental education service. Stratus Building Solutions is a commercial cleaning service franchise company providing janitorial, building cleaning, and office cleaning services primarily in the United States. BarBurrito is a quick-service Mexican restaurant chain.


TSX:DIV - Post by User

Comment by nedstar71on Oct 03, 2022 3:23pm
116 Views
Post# 35002300

RE:Air Miles

RE:Air MilesI'm more concerned about Air Miles parent company going bankrupt, which is apparently may be grounds for terminating the licence completely according to the news release announcing the acquistion in 2017. 
Loyalty Ventures, the operator of Air Miles is now trading at a market cap of just $30 million, down from $700 million at the beginning of the year.  When a company is trading down 95% at $30 million with debt of half a billion dollars there isn't much question what is about to happen.  
I'm ok with Air Miles slowly dissolving away but don't like the headline risk of the parent company going bankrupt and DIV losing the royalty entirely.  Not to mention the revenue lost.  Air Miles was 15% of revenue last quarter.  
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