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Bullboard - Stock Discussion Forum Sir Royalty Income Fund SIRZF


Primary Symbol: T.SRV.UN

Consumer Cyclical Restaurants
SIR Royalty Income Fund (the Fund) holds investment in SIR Corp (SIR). The Funds' investment, SIR is engaged in the business of owning and operating full-service restaurants in Canada. SIR has concept restaurant brands, including Jack Astor’s Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House, signature restaurant brands, such as Reds Wine Tavern, Reds Midtown Tavern... see more

Bullboard (TSX:SRV.UN)

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Comment by flamingogoldon Sep 15, 2021 10:58am

RE:$11.00?

From a technical view, there is a possible top resistance level of $11.29 last seen 2 years ago in Oct 2019. Next resistance level is $14.13. Mr. Irvine who is the second top investor holds many ...more  
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Discussion
Post by Robsopinionon Sep 15, 2021 10:40am

$11.00?

Are we going to see it today? :)
79
Discussion
Comment by BlueJay2020on Sep 13, 2021 7:40pm

RE:RE:RE:RE:RE:RE:RE:If you bought at $1.50...

Yes, you can't rule anything out! All I'm saying is that I can't make a credible investment thesis for anything above $15, even though I am long and bullish on the stock.  Nor would I ...more  
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Discussion
Comment by flamingogoldon Sep 13, 2021 4:29pm

RE:RE:RE:RE:RE:RE:If you bought at $1.50...

I won't say that I totally disagree with a share price above $15. Despite all the damage from covid, what it did do is fast track SRV to the digital age. While there's plenty of room for ...more  
83
Discussion
Comment by BlueJay2020on Sep 13, 2021 4:04pm

RE:RE:RE:RE:RE:RE:If you bought at $1.50...

Ah, a classic discussion of the economics of supply and demand. Is the demand for restaurants sufficiently inelastic to allow for menu price increases to flow through to us?  I would say yes ...more  
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Discussion
Comment by Robsopinionon Sep 13, 2021 3:34pm

RE:RE:RE:RE:RE:If you bought at $1.50...

Yes, but remember SIR also closed restaurants during the last 18 months.  the industry, across the board is increasing prices, all of the input costs for restaurants have increased, and with ...more  
83
Discussion
Comment by BlueJay2020on Sep 13, 2021 3:24pm

RE:RE:RE:RE:RE:If you bought at $1.50...

I'd love to agree with your logic and I'd love you to be correct in 2022, but unfortunately I can't! Which restaurants closed, and are they close to one of our restaurants and where they ...more  
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Discussion
Comment by flamingogoldon Sep 13, 2021 2:36pm

RE:RE:RE:If you bought at $1.50...

No one knows where the top is just as much as we did not know where the bottom was. But, just over 2 years ago this was trading for $17 with a distribution of 10.5¢ which is just 17% above our ...more  
66
Discussion
Comment by nedstar71on Sep 13, 2021 2:05pm

RE:RE:RE:RE:If you bought at $1.50...

I can't disagree I'm just concerned the current distibution may be masking some Covid related weakness in the undelying business. By the time it might become an issue business should have ...more  
78
Discussion
Comment by BlueJay2020on Sep 13, 2021 1:49pm

RE:RE:RE:If you bought at $1.50...

Each to their own! The SP was about $9.15 pre- the 28% dividend bump.  It's up about 15% as I type since then, which I don't find extraordinary at all given that the SP for this type of ...more  
69
Discussion
Comment by nedstar71on Sep 13, 2021 1:03pm

RE:RE:If you bought at $1.50...

The action this is getting from that dividend bump is truly extraordinary. I didn't get in that low but did just sell the small position I had. To me upside is limited and I find it difficult to ...more  
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Discussion
Comment by flamingogoldon Sep 13, 2021 11:13am

RE:If you bought at $1.50...

I had bought some for my wife's TFSA at exactly $2 and later some for my daughter in the high $2's and low $3's. I eventually sold them for a nice profit because I was already overweight ...more  
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Discussion
Post by BlueJay2020on Sep 13, 2021 11:00am

If you bought at $1.50...

...your effective yield on cost is 72% - well done! I bought some sub-3 which equates to 36% - I'll take it! P.S. I don't of course place any emphasis on yield on cost as an investing metric ...more  
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Discussion
Post by Robsopinionon Sep 13, 2021 9:44am

Restaurant traffic

Mid September to mid October is one of the, if not the slowest period for chain restaurants. January/February are heavily supported by gift card redemption (typically)  just after school starts ...more  
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