Diversified Royalty Corp T.DIV

Alternate Symbol(s): T.DIV.DB.A | BEVFF

Consumer Cyclical Auto & Truck Dealerships

Diversified Royalty Corp. is a multi-royalty company. The Company is engaged in acquiring royalties from multi-location businesses and franchisors in North America. It owns Mr. Lube + Tires, AIR MILES, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademarks. Mr. Lube + Tires is the quick lube service business in Canada, with locations across Canada. AIR MILES is a coalition loyalty program. Sutton is a residential real estate brokerage franchisor business in Canada. Mr. Mikes operates casual steakhouse restaurants in western Canadian communities. Nurse Next Door is a home care provider. Oxford Learning Centres is a franchisee supplemental education service. Stratus Building Solutions is a commercial cleaning service franchise company providing comprehensive environmentally friendly janitorial, building cleaning, and office cleaning services in the United States. BarBurrito is a quick-service Mexican restaurant food chain.

TSX:DIV - Post by User

Diversified Royalty Corp > Reopened a position at 2.81

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Comment by BlueJay2020on Sep 05, 2023 9:48pm

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Post# 35621139

RE:RE:RE:RE:Reopened a position at 2.81

Good post. This is one of the rare stocks where your valuation methodology is actually not a bad ballpark indicator. What you've mentioned about torque is key - those deals where there's a fixed annual fee with a slight increment each year are nothing to get excited about, although they do provide a solid foundation to build sexier things on.

I am surprised the payout isn't closer to 100% - what are they holding onto the extra for? A cushion?

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