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Diversified Royalty Corp T.DIV

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

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 > Time for stockholder dilution again?
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Comment by nedstar71on Nov 07, 2024 5:55pm
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Post# 36302068

RE:RE:RE:RE:RE:Time for stockholder dilution again?

RE:RE:RE:RE:RE:Time for stockholder dilution again?
JayBanks wrote:

Well I'm still in the camp I wanna see more deals, and I don't want to dilute to do it. We have a strong base, I'm ok with paying 6-9% interest on a loan that should get paid off fairly quickly just letting it run. And then getting the payout bump for the new royalty when the loan is pretty much run out. But that's not how they seem to want to do things...
 

Usually around this time we start to get mentions of new Mr. Lube locations that we pay a bit and get added to our portfolio, a couple times we've seen more locations of Mr. Mike's I believe (I wish they would add one in the GTA as I'd like to try it, a co-worker says the St. Catherine's one is pretty solid) and maybe BarBurrito will see some additions as it is a similar style deal.

$16 Mill is pretty good cash on hand for us, Stratus cost us $59.4, BarBurrito was $108, so we can consume a pretty decent chunk of those style deals again before the balance hits the Acquisition Facility...


I don't follow.  What do you mean when you say
" I'm ok with paying 6-9% interest on a loan that should get paid off fairly quickly just letting it run."
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