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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

Bullboard Posts
Comment by fatcharlieon Sep 19, 2018 10:11pm
79 Views
Post# 28652328

RE:Dividend Announcement next week

RE:Dividend Announcement next week
One additional property sold in last quarter, brings total to 15 properties sold so far in 2018.  Company's cash must be close now to $5M plus Couche shares and investments. Cash flow is going down but cash reserves is moving up.  At this rate most of the properties will be sold within four years maximum.  Big question remaining is then what happens? Dividend is pretty secure, stock as noted is very undervalued.  Would be nice to know exactly what the company plans are.
Bullboard Posts