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Chris Rankin, MBA, CFA SIR Royalty Income SRV.UN-T TOP PICK Feb 09, 2007

One of the smallest restaurant trusts with concentration based in greater Toronto area and high-end restaurants. There is inflation protection and business is very good right now.

Chris Rankin, MBA, CFA

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$9.480

Stock price when the opinion was issued

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DON'T BUY

A restaurant trust. This is a part of the market that he stays away from. A very tough business, cyclical, very hard to make money in the longer term.

TOP PICK

Every year trusts do very well going into the RRSP season. Because of this, all 3 picks are income trusts. Yield is close to 14%. Have a number of restaurents downtown Toronto. Last year there was no hockey season so expects with hockey back that business will do very well over the next 3 months.

PAST TOP PICK

(A Top Pick Nov 29/05. No change.) Distributions have been roughly 1% a month. Still likes.

PAST TOP PICK

(A Top Pick Nov 29/05. Down 5.4%.) Yield is roughly 13.5%. 3.7% growth in stores. Still likes.

SELL

There will be an impact on the cash flow for distributions. Would prefer some of the bigger brand names that are more liquid.

WAIT

A big drop of 30% recently has brought it back to long term support around $10.50. If it fell below $9.50, then it will probably fall to $7.50. Maybe a good buy opportunity here, but he would want to wait to see if it creates a basing pattern.

COMMENT

We are seeing lots of money going into reopening themes. Not early here. Relative to pre-covid, what is the environment? Compared to pre-covid on the 2-year chart, it looks like there is opportunity. However, it was already dipping pre-covid.

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly

This Canadian developer of 53 restaurants, with brands like Jack Astor's, declared a special dividend for holders as of Dec. 21. It pays a good dividend that is covered by a payout ratio of 88% of cash flow - it targets 100% to unitholders. It trades at 9x earnings, under 2x book value and supports a 21% ROE. We recommend placing a stop-loss at $14.50, looking to achieve $20.50 -- upside potential of 18%. Yield 7.0%

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Dec 14/23, Down 11%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with SRV.UN has triggered its stop at $14.50. To remain disciplined, we recommend covering the position at this time.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Chris Rankin, MBA, CFA SIR Royalty Income SRV.UN-T TOP PICK Feb 09, 2007

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This is a Panic-proof Portfolio opinion which is available only for Premium members

SIR Royalty Income(SRV.UN-T)

This is a Panic-proof Portfolio opinion which is available only for Premium members

SIR Royalty Income(SRV.UN-T)

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