Showing strengthMoving into earnings, should be record revenue Q over Q, or at least better be given the Barrburrito acquistion.
I'm pretty light on this one now as to me the business model is somewhat of a failure. This used to be my largest position but when I looked at the royalty partners and realized that I'd be willing to own less than half of them if they traded individually I paused. This coupled with the annual share price killing dilution required for new acquisitions means this is getting more and more rangebound. And while I like the new fixed percentage annual royalty increases in some cases, it could be just masking deteriorating business fundamentals in others.
Good buy in the $2.60's and lighten up in the $3 area seems to be a great way to play this now.