News and AnalysIs for

We assume investors view royalties as a cost-of-doing business without regard to value judgements like positive or negative or, as the title suggests, kind or unkind. In fact, our heading for this quarter’s review of company financial results is a play on words. For a number of fields, the ANH changed the way royalties are collected (in kind versus in cash) and this changes results presentations for many companies.

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