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 > Renegade Chicken

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Post by Fabozzi on Feb 05, 2021 1:24pm

Renegade Chicken

Are you sure that is a part of SIR ?

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Comment by flamingogold on Feb 05, 2021 1:40pm

It is not, it's a new concept. I accidentally discovered it while exploring the SIR app on my phone while looking to place an order with either Jack's or Scaddabush. There must be costs associated to launch that business under the roof of Jack Astors that we as shareholders are paying for right now... rent, heat, labour for sure and possibly food. I like the concept, I would love to be a ...more

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Comment by BlueJay2020 on Feb 05, 2021 1:46pm

How are we paying for overheads and costs incurred by Sir Corp? I accept that we're currently loaning them some money to do it (deferred distributions) but that's not quite the same. And, if it's net cash positive, then that will assist in freeing up that owed money, and more. However, I agree with you that I don't like the secrecy of it and the chicken smells fishy to ...more

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