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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (46866)	3/6/2019 10:36:07 AM
From: Goose94	Read Replies (1) \| Respond to of 202705

Alaris Royalty (AD-T) new 52 week high, $21.15

To: Goose94 who wrote (46866)	5/21/2019 4:45:51 PM
From: Goose94	Read Replies (1) \| Respond to of 202705

Alaris Royalty (AD-T) Desjardins Securities analyst Gary Ho continues to rate "buy." Mr. Ho cut his share target by a loonie to $22. Analysts on average target the shares at $21.17. Mr. Ho says in a note: "The shares slid more than 10 per cent in mid-April due to the suspension of distributions from Providence (5 per cent of total distribution, or 1 per cent of book value). In our view, this was an overreaction -- after the quarter, management of AD and Providence along with the senior lender of Providence came to an agreement to restart distributions at $2.34-million (U.S.) per year, or 52 per cent of the previous rate, for 24 months. The adjusted terms require Providence management to inject significant capital into the business for working capital purposes and partial debt repayment. Consequently, this resulted in a fair value writedown of $5-million (U.S.), which in our view is manageable and much less than what some had feared. AD has a diverse portfolio, strong capital deployment (since inception) and a solid track record of dividend growth."