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 > Here we go again!

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Comment by flamingogoldon Jan 04, 2022 10:12am

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RE:RE:RE:RE:Here we go again!

The US market is pricing in the end of covid regardless of case counts, which today was a record shattering 1 million there. My friend just tested positive today after his son had tested last week. Both have mild muscle ache and some head stuffiness. If it weren't for the take home test kit his son was given before the Xmas break neither would know any difference. But, leave it to our weak Canadian politicians and they choose to shut us down after a whole year of vaccinations and now a booster rollout. Ford effectively stripped away what remaining confidence and hope people had. Pathetic failure of a government.

Robsopinion wrote:
There is no fear yet (or buying opportunities unfortunately) this morning the VIX is sitting below 17 and SRV is looking to open only a couple of percentage points below the previous close.

The markets are telling us not to fear Omicron.

I think these closures are somewhat needed (don't roast me on here!) my sons school (Junior School) shut down a week early before Christmas because they did not have enough healthy staff to run the school. They gave us 11 min notice. An email 11 min before pickup time! I think the new plan is for most people to get sick, we just need it to happen in a few waves so the essential services can continue to operate.