TSX:SRV.UN - Post by User
Comment by
flamingogoldon Dec 30, 2022 10:18am
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Post# 35196862
RE:RE:RE:RE:17.15?!?!
RE:RE:RE:RE:17.15?!?! It's evident now why Peter Fowler was looking to do a take-under during covid... he knew this would come back and why I would not sell my shares on the open market or even to Lembit Janes during his activist involvement. Even if this goes to $12 I am still sitting on more than a double and earning juicy distributions.
I owned this pre-covid as well and always noticed the support this stock received. While other high profile equities would rise and fall, SIR was a sleeper, tightly held supported security serving out steady monthly distributions. Boring is good... in fact, it's great. Certainly makes for better sleep compared to weed, crypto, tech or any meme stock.
babedinkleman wrote: There's not much question there are some games going on here with the trading. But it's games to get the share price higher.....which is an ok problem to have.....I just don't understand why.
No reason this chain should be trading at a premium to every other casual dining royalty play out there.....especially considering before the pandemic this was the worst performing one of the bunch.....by both a share price standpoint and a restaurant performance standpoint. I think they have improved things mind you.....but $17.50 and a 6.5% yield? Talk about being more than fully valued.....but hey......clearly nobody is lining up to sell so who knows what's going on behind the scenes. I don't own it and don't want to bash it....but if I did I'd be getting in the way of the trading games every chance I could with a sell order undercutting the ask. The odds of it going to 12 (or lower) in a downturn are a lot higher than the odds of it going to 23 in boom times. Even another dollar upside would be a stretch in my opinion.