RE:Reopened a position at 2.81The stock trades poorly and has for years. The one thing that should normally benefit the share price, a new royalty deal, in this case ends up hurting it due to the way they have to finance it.
Barely accretive deals funded by diluting an already lackluster share price. They should have changed the business model years ago, the market has never liked it.
You'd think Morrison would have figured this out a long time ago and done something about it. Unfortunately, I believe a good portion of his compensation is linked to new deals being inked, so we get these mediocre deals that do nothing for the share price and barely have any juice to increase the dividend.