Investment Q&A

• Boston Pizza Royalties Income Fund (BPF.UN $21.67)
  • $21.67 P/E (TTM): 13.39X Cap: $524M
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Q: I have a clarification question. I did not find the answer you gave Mike on BFP.UN on September 6th clear. Are you saying it the stock is a buy at this price?

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Read Answer Asked by Carla on September 10, 2018

• Boston Pizza Royalties Income Fund (BPF.UN $21.67)
  • $21.67 P/E (TTM): 13.39X Cap: $524M
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Q: The stock price of Boston Pizza has been declining steadily over the past year. Is there anything within their business model you can see that will enable them to stem this tide? Their menu prices are already quite high, and I don't see the company expanding store count to a great degree. For a Conservative investor, is the close to 8% yield worth putting any new money in?

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Read Answer Asked by Mike on September 06, 2018

• A&W Revenue Royalties Income Fund (AW.UN $36.93)
  • $36.93 P/E (TTM): 17.7X Cap: $538M
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• Boston Pizza Royalties Income Fund (BPF.UN $21.67)
  • $21.67 P/E (TTM): 13.39X Cap: $524M
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• Pizza Pizza Royalty Corp. (PZA $16.42)
  • $16.42 P/E (TTM): 35.35X Cap: $544M
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• SIR Royalty Income Fund (SRV.UN $14.84)
  • $14.84 P/E (TTM): 12.24X Cap: $124M
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• Keg Royalties Income Fund (The) (KEG.UN $18.65)
  • $18.65 P/E (TTM): 169.64X Cap: $309M
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Q: Boston Pizza has been declining for the last three months and in particular since the release of the quarterly earnings. What would be your opinion of the company going forward.
Please compare Boston Pizza with A&W and the Keg as to which would be a better choice.
Are there other restaurant royalty companies I should be looking at?
Thanks for the excellent service.

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Read Answer Asked by Stephen on August 14, 2018

• Boston Pizza Royalties Income Fund (BPF.UN $21.67)
  • $21.67 P/E (TTM): 13.39X Cap: $524M
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Q: Hi 5i - whats your take on BPF.UN at the current price? I have a 1.5% position and was thinking of adding. Thanks, Neil

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Read Answer Asked by Neil on July 24, 2018

• Boston Pizza Royalties Income Fund (BPF.UN $21.67)
  • $21.67 P/E (TTM): 13.39X Cap: $524M
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Q: I've held Boston Pizza for a number of years. thanks to the dividend, I'm still ahead on it, but I'm beginning to wonder if it's the best consumer discretionary stock for an investor well into retirement, albeit with a reasonable pension. Health issues are beginning to have an impact on our savings. Thoughts?

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Read Answer Asked by M.S. on June 28, 2018

• Boston Pizza Royalties Income Fund (BPF.UN $21.67)
  • $21.67 P/E (TTM): 13.39X Cap: $524M
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Q: As with many other subscribers, I will start with expressing my thanks and compliments for your great service.
I have held Boston Pizza for some time. The monthly distribution has offered a good return in the past and it looks even better as a result of the falling price of the stock. Presently it is about 6.9%; do you see any reason why this might be reduced?
After about a year of slipping, do you see any hope for the stock price to improve?
Thanks, Leonard

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Read Answer Asked by Leonard on June 19, 2018

• Boston Pizza Royalties Income Fund (BPF.UN $21.67)
  • $21.67 P/E (TTM): 13.39X Cap: $524M
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Q: What do you think of their latest results.

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Read Answer Asked by don on May 16, 2018

• A&W Revenue Royalties Income Fund (AW.UN $36.93)
  • $36.93 P/E (TTM): 17.7X Cap: $538M
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• Boston Pizza Royalties Income Fund (BPF.UN $21.67)
  • $21.67 P/E (TTM): 13.39X Cap: $524M
  • View BPF.UN Profile
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• Keg Royalties Income Fund (The) (KEG.UN $18.65)
  • $18.65 P/E (TTM): 169.64X Cap: $309M
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Q: You answered a similar question about 6 weeks ago but with the market sell-off I am wondering if the restaurant royalties are decent buys now. Can you rank A&W, Boston Pizza, and the Keg. Thanks.

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Read Answer Asked by Jim on February 13, 2018

• Boston Pizza Royalties Income Fund (BPF.UN $21.67)
  • $21.67 P/E (TTM): 13.39X Cap: $524M
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Q: Hi Peter, Ryan, & Co.,
Can I please have your assessment of Boston Pizza's latest results released today? I was expecting slightly better, given the (slow) recovery of the Alberta economy. What is your opinion of the sustainability of the dividend? It has not been raised in a while.
Thanks,
Brian

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Read Answer Asked by Brian on February 09, 2018

• Boston Pizza Royalties Income Fund (BPF.UN $21.67)
  • $21.67 P/E (TTM): 13.39X Cap: $524M
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• Pizza Pizza Royalty Corp. (PZA $16.42)
  • $16.42 P/E (TTM): 35.35X Cap: $544M
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Q: Why the sudden fall in price (4% fall) for PZA today?
Is it any company specific event or any news affecting all income trusts?

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Read Answer Asked by Sridhar on January 17, 2018

• Boston Pizza Royalties Income Fund (BPF.UN $21.67)
  • $21.67 P/E (TTM): 13.39X Cap: $524M
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• Exco Technologies Limited (XTC $6.94)
  • $6.94 P/E (TTM): 10.55X Cap: $259M
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• Crius Energy Trust (KWH.UN $8.80)
  • $8.80 Cap: $498M
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Q: I keep these three stocks mostly for the dividend (also valuation for XTC), but I also expect stock growth and/or dividend growth. Timeframe up to 5 years. Would you consider theses stocks still interesting for my purpose? In each case, is the dividend safe? Thanks!

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Read Answer Asked by Jean-Bernard on January 12, 2018

• Boston Pizza Royalties Income Fund (BPF.UN $21.67)
  • $21.67 P/E (TTM): 13.39X Cap: $524M
  • View BPF.UN Profile
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• Keg Royalties Income Fund (The) (KEG.UN $18.65)
  • $18.65 P/E (TTM): 169.64X Cap: $309M
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Q: Hi Peter,

I am adding 2% to my TSFA I am considering keg or Boston or half of each,
Can I please have your thoughts.

Happy new year.
Stan

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Read Answer Asked by Stan on January 09, 2018

• A&W Revenue Royalties Income Fund (AW.UN $36.93)
  • $36.93 P/E (TTM): 17.7X Cap: $538M
  • View AW.UN Profile
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• Boston Pizza Royalties Income Fund (BPF.UN $21.67)
  • $21.67 P/E (TTM): 13.39X Cap: $524M
  • View BPF.UN Profile
  • View Questions on BPF.UN
  • View Reports on BPF.UN
• Pizza Pizza Royalty Corp. (PZA $16.42)
  • $16.42 P/E (TTM): 35.35X Cap: $544M
  • View PZA Profile
  • View Questions on PZA
• Keg Royalties Income Fund (The) (KEG.UN $18.65)
  • $18.65 P/E (TTM): 169.64X Cap: $309M
  • View KEG.UN Profile
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Q: Good Afternoon - The resto royalties seem to have lagged this year. What are your thoughts in general and could you please rank the four listed here. Thanks.

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Read Answer Asked by Kirk on November 29, 2017

• Boston Pizza Royalties Income Fund (BPF.UN $21.67)
  • $21.67 P/E (TTM): 13.39X Cap: $524M
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Q: Advise on effects of current restructuring on price of units & payout od div

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Read Answer Asked by Laverne on September 25, 2017

• H&R Real Estate Investment Trust (HR.UN $12.10)
  • $12.10 Cap: $3.29B
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• A&W Revenue Royalties Income Fund (AW.UN $36.93)
  • $36.93 P/E (TTM): 17.7X Cap: $538M
  • View AW.UN Profile
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• Boston Pizza Royalties Income Fund (BPF.UN $21.67)
  • $21.67 P/E (TTM): 13.39X Cap: $524M
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Q: I have a half position in both A&W and BPF. Have had long term holding on both. Thinking of selling BPF and taking full position in A&W. Or replacing the BPF with HR.UN. Your thoughts

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Read Answer Asked by David on September 07, 2017

• Boston Pizza Royalties Income Fund (BPF.UN $21.67)
  • $21.67 P/E (TTM): 13.39X Cap: $524M
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Q: Hi Can I have your comments on Boston,s results
Thanks
Stan

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Read Answer Asked by Stan on August 11, 2017

• Brookfield Renewable Partners L.P. (BEP.UN $35.02)
  • $35.02 Cap: $23.11B
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• Gamehost Inc. (GH $11.62)
  • $11.62 P/E (TTM): 9.27X Cap: $240M
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• Acadian Timber Corp. (ADN $17.80)
  • $17.80 P/E (TTM): 22.25X Cap: $322M
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• Boston Pizza Royalties Income Fund (BPF.UN $21.67)
  • $21.67 P/E (TTM): 13.39X Cap: $524M
  • View BPF.UN Profile
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• Crius Energy Trust (KWH.UN $8.80)
  • $8.80 Cap: $498M
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Q: Hi team
I am looking for a high yield, safe company to invest in. I found these in your portfolios. What are your comments on those today, how do you rank them or are there any other stocks you will recommend?
Thanks
Margita

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Read Answer Asked by Margita Elisabet on July 31, 2017

• Dollarama Inc. (DOL $185.07)
  • $185.07 P/E (TTM): 44.08X Cap: $53.24B
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• Cineplex Inc. (CGX $11.75)
  • $11.75 Cap: $731M
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• A&W Revenue Royalties Income Fund (AW.UN $36.93)
  • $36.93 P/E (TTM): 17.7X Cap: $538M
  • View AW.UN Profile
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• Boston Pizza Royalties Income Fund (BPF.UN $21.67)
  • $21.67 P/E (TTM): 13.39X Cap: $524M
  • View BPF.UN Profile
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• Spin Master Corp. Subordinate Voting Shares (TOY $22.92)
  • $22.92 P/E (TTM): 20.15X Cap: $2.35B
  • View TOY Profile
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• Sleep Country Canada Holdings Inc. (ZZZ $34.99)
  • $34.99 P/E (TTM): 16.54X Cap: $1.18B
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Q: I have A&W, CGX, and BPF.un in my consumer discretionary. I've been thinking of switching out A & W for TOY or DOL for diversification. Does this seem like a reasonable approach for a conservative retiree? Which would be the more stable choice for one in my position, or do you have another suggestion? Thank you so much for your continued help and advice. (CGX has done very well for me)

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Read Answer Asked by M.S. on July 17, 2017

• Boston Pizza Royalties Income Fund (BPF.UN $21.67)
  • $21.67 P/E (TTM): 13.39X Cap: $524M
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• Pizza Pizza Royalty Corp. (PZA $16.42)
  • $16.42 P/E (TTM): 35.35X Cap: $544M
  • View PZA Profile
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Q: I have done well over the years investing in the fast food industry such as AW.UN, PZA and others. I am thinking of exiting the sector, at least in Canada, due to the changes being implemented in Alberta and Ontario which will raise the minimum wage significantly. I understand it affects everyone equally but the prices will have to rise at these locations and it could generally force patrons to seek other ways to get lunch etc. The same store sales seem to be slipping in this sector already and now add in higher costs. Unfounded concern?

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Read Answer Asked by Barry on June 05, 2017

• Boston Pizza Royalties Income Fund (BPF.UN $21.67)
  • $21.67 P/E (TTM): 13.39X Cap: $524M
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Q: Hi Peter: I have 2500 shares of BPF.UN which is 17% of my RIFF. This is also 4% of my total investment portfolio. I have owned BPF.UN for sometime wherein the dividend pays a return of 8% on my original investment. Considering your recent remarks about would you suggest I sell, reduce or keep my shares? If I sell can you suggest a replacement? Thank you for your valuable advice. Ron N.

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Read Answer Asked by ron on June 05, 2017