Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s): SIRZF

Financial Services Asset Management

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 borne2runon Apr 05, 2020 6:26pm

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Post# 30881263

RE:RE:RE:RE:RE:RE:Added to my position today

Yes, the fund would also go belly up. On their own, the royalty rights to Jack Astor's aren't worth diddly squat. The restaurant chain could easily be replaced with another chain and the dining crowd wouldn't care.

Why bother with this sector at all? Now is not the time to gamble on highly speculative stocks that have zero revenue. Investment grade stocks in other sectors have also declined significantly. e.g. banks, insurance, utilities, energy. To avoid sector risk, just purchase a market etf such as XIU or XIC.

Hospitality stocks will only outperform the market when the public has oodles of discretionary income. That scenario is extremely far off into the future.

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