Review of Richards Packaging Income Fund

JUL 16, 2024 - RPI.UN serves a wide customer base that is comprised of over 17,000 enterprises in its three markets. Recent years have been challenging following a COVID-19 spike in demand. The first quarter of 2024 highlighted continued weakness in the food & beverage market, however, the healthcare market continued to see positive trends. While it may not be the most exciting growth name, RPI.UN generates solid cash flows, pays a high yield at 5.64%, has been reducing debt, and is cheap. We do not see it as a ‘must-own’ name, but it is a decent income investment. We are maintaining our rating of a B.

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Richards Packaging Income Fund (RPI.UN)

Q: With the recent decline in food and beverage revenue in the first quarter and the expectation of further weakness in the second quarter in this segment is it time to sell RPI?

Read Answer Asked by Barry on May 28, 2024

Q: I have held these for quite awhile and I try to be a patient investor but it is challenging. Do you see any catalysts in the 1 to 2 years that might move these stocks significantly higher? The small cap. sector seems to be gaining some interest so I thought these might ride along. thanks

Read Answer Asked by Ian on April 05, 2024

Q: Could you please comment on Richards Packaging earnings. Do the results and the management commentary provide any indication, if the challenges faced with Revenue ( Healthcare mostly) are nearing an end ? Or, is it time to move on and find better income/growth opportunities ? Thanks

Read Answer Asked by rajeev on May 09, 2023