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Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s):  SIRZF

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, Reds Square One, and The Loose Moose, which are used by SIR under a license agreement with SIR Royalty Limited Partnership (the Partnership. The Fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. The Fund indirectly participates in the revenues generated under the License and Royalty Agreement through its Investment in the Partnership.


TSX:SRV.UN - Post by User

Comment by logicandinertiaon Oct 02, 2020 1:14pm
142 Views
Post# 31658389

RE:Shorts are getting fried

RE:Shorts are getting fried

There is no borrow available on these types of micro caps.  So this isn't about shorts getting fried.    The cdn brokers aren't putting microcaps on their lending desks as it creates more trouble than it is worth due to the volatiity and potential for margin issue.  Too many folks on Stockhouse talk about shorts and /algo trading when this isn't happening in cdn small/micro cap world.  Trust me.  


SIR is about making an adjudication of whether or not they can stay solvent.  I believe they can .   But you need to carefully read all the statements from sedar.  My downside is $0.   My upside is 3-4X7, my investment.   Many don't like binary outcomes with a zero on one end of the spectrum.  

Should be a small amount of your investing $$. 

for those interested, keg royalties is also interesting.  Has underperformed associated company recp.to (owns keg operating business) dramatically over past few months .  No interest, no liquidity.  When this has happened historically, the trust usually bounces back strongly.   Today is one of those countertrend days .  Plus they still pay a 6 percent dividend (reduced 70 percent in April) which was almost covered in the June quarter (where most restaurants were closed), due to the keg loan payment.   Good brand recognition in Canada and older folks like me like the continuity of menu and service quality.   


lots of other restaurants and REITs I wouldn't touch with a ten foot pole.  Be discerning and read the sedar reports...

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