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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 > Globe article
View:
Post by Robsopinion on Jul 27, 2021 4:02pm

Globe article

https://www.theglobeandmail.com/investing/investment-ideas/number-cruncher/article-as-restaurants-begin-to-reopen-how-are-their-stocks-doing/#comments




negative (and out of date) article today is depressing the SP. tough to really quantify the true value right now in my opinion. A Yeild around 7% seems reasonable, so that alone tells me there is more room to push up the SP long term. 

The real pressure right now (I believe) is from some smaller investors that have tripled (or more) their investment in a very short time and we're looking for the capital gain and not the income. 

Every day more and more people are venturing further out than they have before and craving the comforts of the past. I think we should see a nice steady build through the summer.

Comment by flamingogold on Jul 27, 2021 5:13pm
I can't view it as it requires a subscription which I will not sign up for anyway. With dwindling demand for their paper, the Globe & Trash, as some across these boards have tagged them, now have to compete digitally with every other news source and more often these days will release outdated and misleading stories just to appear relevant. Not the respectable news outlet it once was.
Comment by Robsopinion on Jul 28, 2021 8:09am
Personal opinions aside about the paper, the Globe is still widely read and respected by many. If you are an active investor I strongly recommend the subscription. I check it first thing every morning, Bloomberg second. They have incredible influence over the Canadian retail investor. Rightly or wrongly. 
Comment by BlueJay2020 on Jul 28, 2021 12:14am
Yeah, really frustrating when they wrongly state that there are no distributions! Good to see most of the downturn reversed by the end of the session. I agree that this stock has more room to run.  COVID cases are becoming collectors' items in Ontario.
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