> Why is it so cheap though in terms of absolute value, is the percentage of revenues claimed by this asset very low?
It's not a percentage but a fixed dollar amount; the court case from the 50s says the agreement is to pay "six dollars on each & every gross of Listerine & Lithiated Hydrangea manufactured or sold". There was also an agreement for something called "Dugongol & Menthated Camphor", which was 10%, but that hasn't existed in a long time it seems (can't find anything in a quick search).
I assume that with a "gross of Listerine" they mean 144 bottles, but this bid isn't the complete contract since they sold other parts before; this 30k/year one sold for $561k in 2020.[1]
I'm not an expert on these things at all, but overall seems like a bit of a so-so investment because inflation.
It's not a percentage but a fixed dollar amount; the court case from the 50s says the agreement is to pay "six dollars on each & every gross of Listerine & Lithiated Hydrangea manufactured or sold". There was also an agreement for something called "Dugongol & Menthated Camphor", which was 10%, but that hasn't existed in a long time it seems (can't find anything in a quick search).
I assume that with a "gross of Listerine" they mean 144 bottles, but this bid isn't the complete contract since they sold other parts before; this 30k/year one sold for $561k in 2020.[1]
I'm not an expert on these things at all, but overall seems like a bit of a so-so investment because inflation.
[1]: https://auctions.royaltyexchange.com/auctions/sales-royaltie...