Alaris Royalty Corp ALARF

RE:RE:RE:RE:RE:RE:RE:RE:Parameters to assess Alaris...(add or eliminate )

[maypeters]

I would recommend to stop using Morningstar for Canadian stocks and start using SEDAR to go through the financials.

The payout ratio is below 100% even with existing cash flow. New investments and the resets starting Jan 1, 2018 of course help. Once the deal is done the cash flow starts right away and does not take time. It may take time to complete the due diligence and win the deals but once the deal is completed - cash flow starts. 

At no point of time has the payout ratio been at 270% and if you believe that it was at 270% for 2017 then you should rethink your analysis or the source you are using (Morningstar in this case).

# I am beginning to wonder if most of the sellers are depending on wrong info like 270% payout for 2017 etc. Anyways it gives me an oppotunity to add so am not mad about it. 


GLTA

Bailey88 wrote: I made my comments with direct reference to the Q3 financial statements and conference call.  As stated in the conference call,  I heard that the dividend will not be cut Q4....... IF new deals are made going forward.  Even with new investments, it will take time for any investments to generate cash flow.  I don't have much control over the future but the AD Q3 report shows the Cash  decreased by more than 50% year over year. I thereforeassumed the payout ratio must be increasing.  After reading your comment, I checked Morningstar.  They show the 2016 average payout was 90%.  They now show 2017 payout ratio year to date is 270%..  Alaris either sells more equity or decreases the payout if this continues and as an income investor, I don't see either of these options as positive.  Lets see if Alaris can pull a rabbit out of the hat this time---obviously I have a great deal of skeptimism.