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5i Report
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B
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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Q: Please provide an update on Richard's Packaging.
Thanks,
Doug
Thanks,
Doug
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Q: Is there a List of Companies with Monthly Dividends somewhere? Thanks!
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?
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