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

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TSX:SRV.UN - Post Discussion

Sir Royalty Income Fund > Just need to get through winter

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Post by flamingogold on Nov 10, 2020 12:12pm

Just need to get through winter

The weather in the northeast has been stunning extending patio season well beyond the average. This weekend indoor dining rules for the GTA change once again in favour of opening.

We're almost through this. but there's no denying January - March are going to be tough months. But, by April the darkest days in the history of hospitality will be over.

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Comment by logicandinertia on Nov 10, 2020 2:12pm

Respectfully disagree about winter being a severe risk. With the vaccines now coming definitively late this year, the risk of another year of quasi lockdown has plummeted to zero. The big risk around SIR was no effective vaccine on the horizon and the bank takes action. That tail risk of going to zero is now very low, which leaves an asymmetric return profile to the ...more

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Comment by flamingogold on Nov 10, 2020 2:26pm

$7-8 would be well worth the wait even 15 months out especially in this low/zero rate environment. Anyone holding in the teens should take steps to average down now.

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