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.

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Sir Royalty Income Fund > Power of pent-up demand

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Comment by BlueJay2020on May 26, 2021 11:53am

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Post# 33267898

RE:Power of pent-up demand

Yep, a rising tide lifts all boats! The fact that Jack Astor's performance was mediocre, to say the last, in the period before COVID will be completely forgotten. It's a clean slate and fewer other competing slates. On top of that, I think people will also be drinking more alcohol as part of these celebrations, which we will get a piece of if my memory is correct.

flamingogold wrote:
NCL's CEO Frank Del Rio said yesterday that 2022 bookings (at full prices too) are so strong that they will have the best year in the company's history! This is noteworthy considering the cruise industry was ground zero for covid.

https://www.cnbc.com/video/2021/05/25/norwegian-cruise-line-ceo-says-2022-could-be-the-industrys-best-year.html?__source=flipboard

While SRV is unrelated to cruising, what's similar is indoor dining restaurants have been heavily impacted by covid like travel and similarly the pent-up demand that will follow.

Not only will there be fewer dining establishments post covid, but the desire to socialize in an indoor setting with friends and family for 2022-23 should hit record levels much the same as cruising/travel.