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Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s):  SIRZF

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

Comment by BlueJay2020on Jul 05, 2021 3:49pm
75 Views
Post# 33493848

RE:checking this out now

RE:checking this out nowWell, where do you start with a post like that?  Sounds like a man who missed out at $3 a share and now wants to wait until its at $10 or $11.

I've no idea what 'get real' is in this context, but I see little point in waiting for what would be a relatively modest pullback from here, even to the low 7's (would that be 'real'?), and potentially miss out on more significant SP appreciation AND/OR collect a double digit dividend for the next year (current plus catch-up). The trouble with waiting to open a position with this stock is its illiquidity - better to nibble little and often and slowly accumulate.  Spreads the risk, too.


Chefboy69 wrote: now that the risk of downside is mostly gone.

In my humble opinion this stock moved too fast too quicky and needs to consolidate and get REAL.

A dividend announcement would be nice but SRV.UN needs to cool down

I will be looking at placing a bid in the $7.00's



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