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Bullboard - Stock Discussion Forum Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s):  SIRZF

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... see more

TSX:SRV.UN - Post Discussion

Sir Royalty Income Fund > Power of pent-up demand
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Post by flamingogold on May 26, 2021 11:26am

Power of pent-up demand

NCL's CEO Frank Del Rio said yesterday that 2022 bookings (at full prices too) are so strong that they will have the best year in the company's history! This is noteworthy considering the cruise industry was ground zero for covid.

https://www.cnbc.com/video/2021/05/25/norwegian-cruise-line-ceo-says-2022-could-be-the-industrys-best-year.html?__source=flipboard
 
While SRV is unrelated to cruising, what's similar is indoor dining restaurants have been heavily impacted by covid like travel and similarly the pent-up demand that will follow.
 
Not only will there be fewer dining establishments post covid, but the desire to socialize in an indoor setting with friends and family for 2022-23 should hit record levels much the same as cruising/travel.
Comment by BlueJay2020 on May 26, 2021 11:53am
Yep, a rising tide lifts all boats!  The fact that Jack Astor's performance was mediocre, to say the last, in the period before COVID will be completely forgotten.  It's a clean slate and fewer other competing slates.  On top of that, I think people will also be drinking more alcohol as part of these celebrations, which we will get a piece of if my memory is correct.
Comment by flamingogold on May 26, 2021 12:25pm
Yes, alcohol sales are included in the SSS number. What's also substantial to note is that household disposable savings rate due to covid is the highest in decades, from a measly 2-3% annually to as high as 28%. People are sitting on loads of cash that is itching to get spent on all the things we missed out on for the last 14 months and counting. https://financialpost.com/news/economy/canada ...more  
Comment by Robsopinion on May 26, 2021 4:25pm
I think there will be a significant increase in menu prices across the industry. Since we take our cut off top line sales, this could also be very beneficial. 
Comment by flamingogold on May 27, 2021 10:42am
Smart, successful business owners know not just how to run their business but are ahead of the economics curve. Mr. Fowler knew the other side of covid was going to be huge from pent-up demand and record disposable household savings rates. The key was surviving the storm and Renegade was the bridge. Mr. Irvine's last buy a few days ago was at $7.05. The big fish continue to gobble up small ...more  
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