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 > Gift cards

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Comment by BlueJay2020on Dec 20, 2021 9:16am

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Post# 34246333

RE:Gift cards

Pre-market down 18 per cent...hang on to your hats!

Robsopinion wrote:

Chain restaurants tend to have very strong business flows after Christmas and into January/February because of gift card redemption. The majority of those gift cards are purchased in the last week before Christmas. They are great last minute gifts when the "perfect " gift just couldn't be found.

Unfortunately, because of the new Omicron flare up we are likely to lose out again this year.

We should benefit with year over year sales comparisons because I believe no matter what we will still be better off than last year.

Good investors know that big drops in the market are just buying opportunities. Stress levels go up, but so do your chances of making some real money!

Trading volumes will likely thin out somewhat also, creating more volitility, and more opportunity.

Get the dry powder ready :)