December 26, 2015

On Christmas Eve, the S&P 500 fell 0.2% while Toronto rose 0.2%.

Boston Pizza Royalties was up 2.4% to $17.70. Last week, co-founder Jim Treliving bought 5000 units at $16.97. Combined with other recent insider buying, it seems clear that management views these units as under-valued. The entity itself will likely resume buying back shares as soon as this week.

 

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