TSX:SRV.UN - Post by User
Comment by
flamingogoldon Jan 06, 2023 8:25pm
88 Views
Post# 35208243
RE:RE:RE:RE:RE:RE:17.15?!?!
RE:RE:RE:RE:RE:RE:17.15?!?!babe, the market will always find equilibrium. The challenge is knowing the time it will take and having the patience for it to get there. SRV may have gotten ahead of itself with its special distribtution annoucnement but I am not concerned. My position is long and strong from the covid lows as the majority owned shares are here.
I would still suggest you take a good look at CHR as an undervalued play. If you feel you missed on that one, then take a look at HOT. All they require is patience. Enjoy the coming gains and avoid the pain of missing out again.
babedinkleman wrote: Compypaul wrote:
babedinkleman wrote: There's not much question there are some games going on here with the trading. But it's games to get the share price higher.....which is an ok problem to have.....I just don't understand why.
No reason this chain should be trading at a premium to every other casual dining royalty play out there.....especially considering before the pandemic this was the worst performing one of the bunch.....by both a share price standpoint and a restaurant performance standpoint. I think they have improved things mind you.....but $17.50 and a 6.5% yield? Talk about being more than fully valued.....but hey......clearly nobody is lining up to sell so who knows what's going on behind the scenes. I don't own it and don't want to bash it....but if I did I'd be getting in the way of the trading games every chance I could with a sell order undercutting the ask. The odds of it going to 12 (or lower) in a downturn are a lot higher than the odds of it going to 23 in boom times. Even another dollar upside would be a stretch in my opinion.
it has been a crazy few weeks, hasn't it? Hit a high of $17.95 just recently but the games seem to have ended. Back to the mid 15s on no news at all. Sure looks like someone is manipulating this, doesn't it?
Yup.....no idea who was bidding it up to almost $18...but as I said if I owned it I would have been undercutting the ask every chance there was. This is a $15 stock at best.....and difficult to imagine anyone would be willing to pay more than that in a buyout.....but anything is possible with some of the characters involved here. Funny thing was I was actually debating shorting it in the high $17's but just couldn't stomach doing it as it was just acting too weird and shorting dividend payers isn't exactly something I'd normally do.