Bullboard - Stock Discussion Forum Boston Pizza Royalties Income Fund BPZZF

Primary Symbol: T.BPF.UN

Consumer Cyclical Restaurants

Boston Pizza Royalties Income Fund (the Fund) is a Canada-based open-ended trust. The Fund operates through its subsidiaries, Boston Pizza Holdings Trust, Boston Pizza Holdings GP Inc. and Boston Pizza Holdings Limited Partnership, its 80% owned subsidiary Boston Pizza GP Inc. (BPGP), and its interest in Boston Pizza Royalties Limited Partnership. BPGP is the managing general partner of... see more

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TSX:BPF.UN - Post Discussion

Boston Pizza Royalties Income Fund > Value

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Post by wallopnd on Oct 07, 2020 11:34am

Value

August 2020 sales were at 84% of August 2019. That's pretty good. I haven't seen any other full-service restaurant chain beat that. If you add the CEWS I think most BP locations must be making money. The fund is paying over 9% dividend right now. If we use August sales the payout ratio is probably around 68%. If sales are sustained or grow the fund is undervalued here. BP will likely pickup more sales as smaller unbranded restaurants/bars are dropping like flys.

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