RE:RE:RE:RE:Where is the flamingo loudmouth?
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.
borne2run - You are unaware of any other restaurant stocks as noted above. There is a little known restaurant stock in P.Q. Symbol is SPS.A V. One of the reasons it is largely unknown outside P.Q is due to the share structure with only 8.5M shares outstanding. In addition, the restaurants are all located in P.Q. The president is Jean Bedard, who I have had the pleasure of meeting in person on one occasion. I regard Mr. Bedard as a very astute business person.
I would suspect some of the success of the restaurants in the chain may be tied directly to how well and how far the Montreal Canadiens go into the yearly playoffs. Over the years I have dined at various locations and have never been disappointed.
Your bias towards utility stocks is compelling. Well played on your part. In regards to Covid, the combination of mounting illness, deaths, and early warnings of government involvement sent out a clear message that public places such as restaurants could be subject to seating restrictions and further regulations. This warning was akin to a 40 X 50 ft. flashing neon sign saying "SELL".