Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s): SIRZF

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

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Comment by SurfForWealthon Nov 29, 2005 5:21pm

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Post# 9923629

RE: sprott -- market call

OK, did anyone notice and read the SIR Corp year end financials from last Friday morning? I read it and was greatly disappointed. Just when I thought they were makig some progress, they produce a disastrous Q4 in which they lost $6.1M bring the FY2005 loss to over $13M. No excuses for Q4 as the weather was fantastic and there was no SARS or whatever. The cash and working capital is sinking fast. I have a hard time understanding why they can't do better. I wonder if Mr. Tardiff has read that report yet? I sold out shortly after the open last Friday. Maybe that's why the stock went up. I like the restaurants and think hockey will help and the yield is great but if the parent is sinking fast and cannot right the ship then trouble looms. I would appreciate any intelligent analysis that contradicts or supports my own verdict. Cheers!!!

Bullboard Posts

These cold weather stocks are looking to heat up for winter