Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s): SIRZF

Consumer Cyclical Restaurants

SIR Royalty Income Fund (the Fund) holds investment in SIR Corp (SIR). The Funds' investment, SIR is engaged in the business of owning and operating full-service restaurants in Canada. SIR has concept restaurant brands, including Jack Astor’s Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House, signature restaurant brands, such as Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose, which are used by SIR under a license agreement with SIR Royalty Limited Partnership (the Partnership. The Fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. The Fund indirectly participates in the revenues generated under the License and Royalty Agreement through its Investment in the Partnership.

TSX:SRV.UN - Post by User

Sir Royalty Income Fund

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Comment by giboron Nov 21, 2012 2:54pm

164 Views

Post# 20628472

RE: RE: RE: RE: or

Indeed it's wierd such drop on SRV.UN. Nothing to do with earning results as they were 1 week ago. Probably big shareholder needed money and sold big chunk of the stock? Don't see a reason why dividends will be cut.
P/E is good ~11, P/B ~1.2, payout ratio < 100%.
Noticed drop too late, would've buy at $12 or lower....in any case placed limit buy

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From now on, dynaCERT instead of Bitcoin or NVIDIA?