Boston Pizza Royalties Income Fund (TSE:BPF.UN)

[webber22]

It reported quarterly results today. Stock fell as low as 15.61, picked up more at around $16.

[Eder]

Boston Pizza Income fund wants to buy up & cancel up to 10% of it's float using borrowed money. I think it is a good idea by management.

http://www.theglobeandmail.com/globe...08220813677001

[londoncalling]

depending on unit price I can only see this as a good investment as the interest rate on their credit is much lower than the distribution rate. This move should easily bring them back to or under their mandated target payout ratio.

[Dmoney]

Gotta love it... buying back stock yielding over 6% with debt at 3%.
Was very happy to see the new highs it hit.

[liquidfinance]

BNN Top pick. Just seen this from the Globe.

http://m.theglobeandmail.com/globe-i...service=mobile

[Kaitlyn]

Quite the drop recently... anyone else picking this up? I'm tempted...

[jamesbe]

recently? You mean TODAY! I was in the green on this fund until today actually.

[blin10]

I always wondered why it's so popular and why so much hype there... so they have cheap pasta days, so what?

[webber22]

Now would be a good time to carry out the company's planned share buyback of 1,442,522 units, 9.9% of the Fund's issued shares.
I picked up one tranche today since I sold some when they approached $20

[liquidfinance]

Now would be a good time to carry out the company's planned share buyback of 1,442,522 units, 9.9% of the Fund's issued shares.
I picked up one tranche today since I sold some when they approached $20

I should have sold but just been holding on. Now the fear sets in so I will probably miss the opportunity to pick up more as they get cheaper.