adrian2 wrote:I don't own BPF, but I have Sir Royalty, which is in the same space. SRV.UN was trading 7-10 days ago in the $9 range, yesterday it closed at $8, today it's down another 6...8%. My holdings are relatively minimal, so I did not try to find out more.Webber22 wrote:Does anyone who why this stock has fallen around 10% lately ?
There seems to be no reason for the restaurant royalty trusts to drop in prices other than the taxation starting in 2011 which was know to all investors years back. For BPF, there are 45,700 shares changed hands in one trade for $12.20 at 9.35 am. It seems that some one is trying to short the stock. No sweat, this trust is foundamentally sound and I am expecting the distribution to increase in 2012 by about 10%. May be management will do another NCIB this year if the price is around this level as it is accretive and the debt level is very low.