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Becker Milk Will Be Sold - But For How Much?

2016-09-18 seekingalpha
Brief history: The Becker Milk Company (OTC:BCKMF) was a franchised chain of Canadian convenience stores prior to selling to Silcorp (parent of Mac's Convenience Stores) in 1996. After the sale, Becker's retained the properties and remained the landlord for the locations. Fast forward to present times and not much has changed, they are still the property owner of 66 commercial retail locations (convenience stores) and derive ~85% of their income from Mac's (now owned by Couche-Tard).