TSX:SRV.UN - Post by User
Comment by
Compypaulon Jan 06, 2023 11:24am
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Post# 35206941
RE:RE:RE:RE:17.15?!?!
RE:RE:RE:RE:17.15?!?!
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.
it has been a crazy few weeks, hasn't it? Hit a high of $17.95 just recently but the games seem to have ended. Back to the mid 15s on no news at all. Sure looks like someone is manipulating this, doesn't it?