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Bullboard - Stock Discussion Forum Sir Royalty Income Fund SIRZF


Primary Symbol: T.SRV.UN

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

TSX:SRV.UN - Post Discussion

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Post by Robsopinion on Mar 15, 2022 1:59pm

very quiet

This board has gone very quiet?
Where do we see the next direction?
Down because inflation is ramping up so quickly, and household disposable income is drying up? OR will that actually boost our summer sales? Spending my entire life in the business, it was always interesting how the consumer reacted. For instance, on a typical march break, if consumer sentiment was high, people would travel. This took them out of our markets and sales would be down. If, on the flip side, consumer confidence was low, people would hunker down and want to save money. They therefore would not travel, but they still wanted to do something, and restaurants and bars in our markets would be busy. When stock markets were up, people spent more in our business. When markets were sinking (especially quickly) people would stop dining out, even though the money they used in restaurants and bars was not the same money that they had invested in the markets.
It will beinteresting to see which direction sales, and therefore the SP go.
Comment by flamingogold on Mar 15, 2022 6:51pm
Good analysis. We know first hand here how lockdowns have been suffocating for restos and thankfully we are now wide open. Travel by air, on the other hand, still has restrictions in place with antigen testing. Given this, I believe the travel sector (which btw I am bullish on) is still another year away from surpassing 2019 pre-pandemic levels. So, aside from inflation, that leaves more ...more  
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