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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

Comment by Lawyerupon Apr 12, 2021 11:01am
202 Views
Post# 32977155

RE:Crystal ball

RE:Crystal ballHi One, dividend is safe.  Bek has a large cash position, Couche Tard stocks, no debt and has never missed a dividend payout in its history.  The dividend payout ratio is high because they have been liquidating properties and cash flow has dropped.  Buyout is anybody's guess we have a shrinking company, a CEO that is pushing 90 years old, a CFO that is in his 80s.  Many of us here have been holders for years and years.  For me and a few others we will see it through to the end but have enjoyed some great special dividends (last one was $2 share) and the regular dividends like clockwork.  Volume is low and share price doesn't move much along with little interest in this gem.  So do your DD if you think Becker might sell or its a good pick for you for the dividends.  All the best, Charlie.
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