RE:RE:RE:RE:Where is the flamingo loudmouth?Sure, if you need dividends right away today this will not hit anyone's radar. The hospitality industry has been hit extremely hard by government mandated restrictions, not by mismanagement. I own Keg as well and while they continue to pay out, the dividend was still cut 60%. BPF.UN and Recipee have suspended divs like SIR.
I'm betting on a vaccine within 6 months to a year. If you believe in bankruptcy, then short away. But, it could also be the opportunity for future rewards with a return to dividends again even if that is years from now. I can wait. It all depends on one's timeline.
I owned SIRI in the early 2000's, saw it go down to 5 pennies during the depths of the financial crises. It survived, and today, even after a whopping correction is still over $5.
borne2run wrote: So you think SIR Royalty is a good name?
Maybe a good place to eat, but a horrible investment.
There's the Keg and SIR Royalty as restaurant royalty stocks; I am unaware of any others (Pizza Pizza is a delivery / takeout specialty, A&W is fast food).
The Keg is still paying a monthy dividend, SIR Royalty may never pay a regular dividend.
Parent company appears headed for bankruptcy.
Why bother with this stock when utilities are paying approx 8% tax efficient dividends?
The TSX 60 (HXT / XIU) is up 40% from its March low, SRV.un is down 15% since then.