TSX:SRV.UN - Post by User
Comment by
BlueJay2020on Jun 21, 2021 11:59am
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Post# 33420457
RE:RE:Major Globe and Mail feature
RE:RE:Major Globe and Mail featureYeah, it was down over a buck from the high. I wondered if it reflected a lack of buying from Irvine as part of the proxy settlement - it's not clear. Of course, the thin volume magnifies any general downturn in the market, so I wasn't too worried, even though a buck a share is quite a decent chunk of change when you're holding well above 10,000.
I honestly think the announcement confirming the diistribution restart and level will be a massive catalyst to the SP as it will get back on income investor radar given the double dip of current and past royalties for the last year, especially given there are so few shares available. The temporary yield is going to look ridiculous and bound to reel some in. Then its a case of how Jack's is performing compared to pre-COVID to get another leg up.
Robsopinion wrote: It was a good article, hopefully it will bring some fresh buyers to the currently dwindling supply. It seems like there has only been sellers since the announcement of the settlement.
did you see the other two articles? One was about the rapidly rising food costs that restaurants now face and the other was about the labour shortage. It's going to be an interesting time for the industry.