Sir Royalty Income Fund SIRZF

Power of pent-up demand

[flamingogold]

NCL's CEO Frank Del Rio said yesterday that 2022 bookings (at full prices too) are so strong that they will have the best year in the company's history! This is noteworthy considering the cruise industry was ground zero for covid.

https://www.cnbc.com/video/2021/05/25/norwegian-cruise-line-ceo-says-2022-could-be-the-industrys-best-year.html?__source=flipboard

 

While SRV is unrelated to cruising, what's similar is indoor dining restaurants have been heavily impacted by covid like travel and similarly the pent-up demand that will follow.

 

Not only will there be fewer dining establishments post covid, but the desire to socialize in an indoor setting with friends and family for 2022-23 should hit record levels much the same as cruising/travel.

[BlueJay2020]

Yep, a rising tide lifts all boats!  The fact that Jack Astor's performance was mediocre, to say the last, in the period before COVID will be completely forgotten.  It's a clean slate and fewer other competing slates.  On top of that, I think people will also be drinking more alcohol as part of these celebrations, which we will get a piece of if my memory is correct.

[flamingogold]

Yes, alcohol sales are included in the SSS number. What's also substantial to note is that household disposable savings rate due to covid is the highest in decades, from a measly 2-3% annually to as high as 28%. People are sitting on loads of cash that is itching to get spent on all the things we missed out on for the last 14 months and counting. https://financialpost.com/news/economy/canada

[Robsopinion]

I think there will be a significant increase in menu prices across the industry. Since we take our cut off top line sales, this could also be very beneficial. 

[flamingogold]

Smart, successful business owners know not just how to run their business but are ahead of the economics curve. Mr. Fowler knew the other side of covid was going to be huge from pent-up demand and record disposable household savings rates. The key was surviving the storm and Renegade was the bridge. Mr. Irvine's last buy a few days ago was at $7.05. The big fish continue to gobble up small