I added to my Boston Pizza units this morning. The company has reported earnings. It lost money under GAAP rules. However distributable cash flow was okay and same store sales were up 7.5%. I have not analyzed it in detail but it appears the loss is due to a revaluation on the liability to issue certain shares. The liability is higher due to the higher unit price that has occurred since December 31. There are indeed some strange accounting features on this entity. The main driver of the share price is interest rates and same store sales increases. Same store sales are up and interest rates remain low. Therefore I don’t think the little swoon in share price today was necessarily justified and I bought more shares. It is thinly traded so place fixed price orders rather than market price orders.