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.

TSX:SRV.UN - Post by User

Sir Royalty Income Fund > checking this out now

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Comment by BlueJay2020on Jul 05, 2021 6:17pm

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Post# 33496735

RE:RE:RE:checking this out now

wait, the company produced documents that I am supposed to read? Wow, thanks for the tip...but perhaps you can find someone else to patronise.

Chefboy69 wrote: BlueJay2020, you should read up on the company that you are invested in and DON"T BE emotional. I realize its harder to not be when you are invested and easier when you are not.

but read up...https://sircorp.mediaroom.com/2021-06-23-SIR-Royalty-Income-Fund-Announces-Filing-of-SIR-Corp-Fiscal-2021-Third-Quarter-Results

BlueJay2020 wrote: Well, 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