Q: Thoughts on their latest quarter.
5i Research Answer:
EPS of 2c missed estimates of 5c; revenue of $17.0M matched estimates. EBITDA of $17.1M also matched. Net income fell more than half from the prior year. Performance was varied in the royalty portfolio. DIV also had an impairment loss and higher stock-based compensation charges. Same store growth was positive at Mr. Lube and Oxford, but weak at Mr. Mikes and Air Miles. There was also a 20% deferral of Sutton royalties. Not much excitement here, though the dividend is high and valuation decent. But it is a small company with some economic risk rightnow.