Sir Royalty Income Fund SIRZF

Primary Symbol: T.SRV.UN

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.

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Sir Royalty Income Fund > Wow! Irvine Votes for Lembit!

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Comment by flamingogoldon Jun 08, 2021 3:48pm

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Post# 33349330

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Wow! Irvine Votes for Lembit!

Well, tbh I don't recommend it to anyone... it's been a headache to hold. Since Rob said he owned some and admitted he wasn't up to date with it I chimed in. I didn't buy any of it for my wife's TFSA, which I manage for her, and she is up to almost 200k in that portfolio (almost a 3 bagger from the max $75,500 we are allowed to start with) and making almost $1300k/mth in tax free divs and more to come once CHR resumes divs next year. Far better performance than my own TFSA which holds all the BBD shares. Certainly not my greatest move.

BlueJay2020 wrote: If I didn't know you better, that sounds like a pump and dump :)

Never went near BBD, but I did come a cropper on Corus, Peyto, Bonterra and others, even before COVID. It was a huge relief to be able to swap them for much, much better quality assets at firesale prices thanks to the pandemic. In all seriousness, the last 15 months have been fantastic for my portfolio, and more than eradicated all my mistakes to date. Now, I get to make some new ones!

flamingogold wrote: No problem, I completely understand. But, just so you know, they deleveraged out of all business units and have just one left... but it's a gem.... best-in-class private business jets for the elite billionaires and tycoons. The market space is growing as more uber rich are minted every year and covid is added fuel. I don't know what government subsidy you are referring to, but BBD did not take any handouts during covid and in fact, recently raised private equity to bridge the gap of the train sale to France's Alstom, which they have now repaid along with bond holders for the next 2-3 years. The company is leaner now and on a good path. The family knows how to make money, just check out their recreational division stock. I don't expect the same success with private business jets but a double from current levels is very doable.

Robsopinion wrote:
TBH I don't even know what they do anymore lol
they sold off the train unit, the plane unit, the recreational unit, so the only revenue stream I can think of them still having is the Government subsidy unit. And although that likely brings in massive amounts of money it's not really a business model.

sarcasm off :)
In all seriousness, BBD is one dog im not chasing down again. Luckily it was a very small investment.