Sir Royalty Income Fund T.SRV.UN

RE:RE:RE:RE:RE:RE:RE:RE:RE:17.15?!?!

[malx1]

flamingogold wrote: For sure... all comes down to risk tolerance and we're all different there. I have held Chorus for over 10 years collecting distributions that entire time. When covid hit, I sold for a small capital profit but re-entered much lower. I am ok to wait at the current price level and will add if we get another big leg down. I am use to buying into a storm and waiting turnarounds. This strategy has served me well rather than chasing the next hot sector.

babedinkleman wrote:

flamingogold wrote:

I am looking to do the same with CHR as I did here. We all miss a ride sometimes. Why not look to the next unloved equity, there are still some out there lagging behind the resto recovery.

 

Like SRV when the distributions were stopped, CHR has still not returned to paying divs. It's still near covid levels despite the fact that air traffic is near pre-pandemic levels. Airfares are up and I believe a record surge in demand is going to occur over 2023-24 now that the highly restrictive ArriveCan app is defunct.

 

Whatever you decide though, best of luck for next year.

babedinkleman wrote: And like clockwork they drive it higher.....where she stops nobody knows

I've owned CHR a few times in the past.......while it very well could be a huge winner I feel uncomfortable holding anything relating to airlines in this market environment.  Definitely a great buy in the low twos though.  If everything goes right 6 or 7 could be in the cards again.

Mr Gold Flamingo.    

Read some of your posts.   

You are a clever fox amongst the prairie dogs.

Nice to see the good guys get a ten-bagger out of the pandemic.     

Cheers