Forum Archive Index - September 2003

["winner69 ." <wwinner69@hotmail.com>]

Done a lot of work there on RBD Snoopy

If you follow through the cash flows over the last 5 years or so you 
probably would come to the conclusion that the increased debt you mentioned 
has gone to keep that dividend up during a period of expansion. Or, if you 
disagree with that conclusion, than they have paid these dividends from 
selling those properties.

Will be interesting to see what happens over the next year or so. Really 
need to consolidate and get what they have at present working well before 
worrying about putting new stores or concepts on the ground.  Even opening a 
new Starbucks seems to take a fair bit of cash.

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