Sir Royalty Income Fund T.SRV.UN

Traffic update

[flamingogold]

Passed by the Jack's on Friday night on Yonge near Sheppard. This location might be their flagship, it is 3 levels including a large rooftop. There was a huge line-up of people in the evening waiting to get in and I believe they had the longest line of all restaurants on the strip. I did not get to go in myself, but from the street you could see and hear a lot of people inside.

Obviously, by law there is a requirement for reduced capacity. No way around this. This stretch of Yonge is extremely competitive for dining dollars. So, it was a good sign to see that Jack's has a loyal customer base that is eager to come back and spend at their favourite establishment. A good sign in a bad economic environment as some establishments had no lines and were empty inside and some were shuttered for good.

The next day I was in the east end of the city where there is Scaddabush, Jack's and Canyon Creek. It was mid day. Jack's and Scaddabush had average traffic given the time of day. Canyon on the other hand was visibily shuttered. While they do have an outdoor patio available to them, they have decided to keep their doors closed. This echos my earlier sentiment that they may not ever re-open. We shall see since the airport location has since re-opened.

[Trallalainvest]

great to hear thanks flamingogold for sharing on the ground information. Maybe just slow roll to open less busy sites to help preserve cash flow. Regardless we are still in somewhat difficult times but we are on the up swing out of it now. I've added and happy to see a strong price action last week. If you think Corona virus will disappear like Sars and everything else before and knowing

[BlueJay2020]

It's getting very close to the point where I will be reinvesting in this stock.  I think $12-14 is a very long way away, bearing in mind the brand had its struggles pre-Covid, and they won't have magically gone away UNLESS half the competition is wiped out.  It's too early to say if that will be the case.  I can certainly see a 2-bagger here and possibly a 3-bagger - on

[Trallalainvest]

I suspect your one of those weak hands for the quick buck. I'm in for the recovery and then the growth. Nothing wrong with skim trading, I used to skim spy options daily make a few hundred to a couple thousand in few minutes. But now I'll take the laid back patient approach with well placed dividend payers and let the funds grow on their own organically. Price can move fast here to

[BlueJay2020]

Yes, I would be a weak hand.  The main reason I held the stock in the first place was the dividend.  That has gone and we don't know when it will be back or what the level will be.  Heck, we don't even know if the company will survive.  My alternative was to invest in a company like Keyera when the dividend was in the teens, and that is what I did.  And I am now