Q: Rick Rules recent top pick. Momentum of late looks strong. May I have your opinion please?
5i Research Answer:
As a small cap royalty play, it looks good. Momentum as noted is strong, it is debt-free with $28M cash, and will see its first profit this year, with EPS expected to more than triple next year. Management is good and insiders own 7% with another (disclosed by proxy) at 10%. Its royalty portfolio looks good and we expect to be active, adding many more over the next few years.