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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

Post by flamingogoldon Dec 03, 2020 10:45am
105 Views
Post# 32025795

Lagging = value

Lagging = valueSIR is a low volume traded equity. Not many eyeballs on it and for this reason I believe it is a laggard.

The sectors hit hardest by covid have begun to rebound and are approaching their June peaks. KEG is just a few percentage points away from its June high. Even the hard hit cruise lines where covid first started to capture headlines in N.A. are within 10% of their June peaks. RCL, on the other hand, has since surpassed that mark and sits only 23% below pre-covid levels.

SIR, however, lags behind all of them. The recent pullback puts it at 45% below June's brief peak and still -65% pre-pandemic.

But, as vaccines rollout, the cases will drop, the snow will melt, consumer confidence will rebound and the laggards will finally be rewarded.

Bottom line, the opportunity today for great capital gains and a tax efficient double digit dividend for years to come is still on the table. GLTA.
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