TSX:BPF.UN - Post by User
Comment by
Tony101on May 19, 2020 1:04am
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Post# 31044337
RE:OMG Ontario should be opening soon!!!!🚀🍺
RE:OMG Ontario should be opening soon!!!!🚀🍺
lol, I doubt that logic.
Even with the lockdown eases, there's still the social distancing rule in place. Restaurants can't have as many dine-in as pre-crisis. And with the restaurant count of 395, #1 ON 119, #2 AB 112, #3 BC 62, #4 QC 32, and all other provinces and terrirtories 70. AB and QC are pretty much shuttered for the next while due to economic and crisis, we are writing off half of all. For the remaining half, I think people will be saving more and spending less because how much this crisis burned everyone.
- So will BP and the restaurant-sector recover? Probably.
- Will it be right now? Probably not, maybe in another year or two.
- Will BPF hand out dividends? I doubt it, at least not now. They got their debt covenant issue (they borrowed quite heavily in the past to do buybacks), and probably need to prioritize any royalties coming in to improve liquidity and pay down debt.