TSX:SRV.UN - Post by User
Comment by
jcw604on Jan 25, 2021 9:51am
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Post# 32374227
RE:RE:RE:RE:Covid cases coming down
RE:RE:RE:RE:Covid cases coming down
It is because the stock market is forward thinking. By the time when things are back to normal, it is too late to get onto the gravy train. I don't think that SIR is not piling more operational debt but the loan interest. See: EBITDA(1) was $8.4 million in Q4 2020 and Adjusted EBITDA(1) was $2.6 million in Q4 2020, compared to EBITDA(1) and Adjusted EBITDA(1) of $7.1 million and $10.7 million in Q4 2019, respectively. As you said, many restaurants will be closed for good, but the surviving ones will take over their business, because when covid is gone, people will be like being let out of jail and their crave for what they missed doing during the pandemic season will push them into spending money to satisfy that crave. JMHO.