Richards Packaging Income Fund (RPI.UN-T)

They got a boost during Covid so it would have been good to take profits then. Now, they face inflationary pressures. They're expanding geographically through acquisitions. Pays a decent dividend. Still likes it.

Great steady company that most people are not aware of.
All types of packaging in healthcare and consumer business.
Very low profile of CEO.
Valuation recently very high.
Waiting for shares to fall before buying.

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Attractive dividend yield. Able to pass inflation on to consumers. Revenue mix shifting towards healthcare. Demonstrated track record. Unlock Premium - Try 5i Free

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Good dividend yield. Able to pass inflation on to consumers. Revenue mix shifting towards healthcare. Demonstrated track record. Unlock Premium - Try 5i Free

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Earnings beat estimates across the board. Covid related products unwinding lead to revenues falling 11%. Their acquisition has weighed on cash flow as well. It is currently consolidating and finding a base. Unlock Premium - Try 5i Free

One of the least celebrated but one of the most important businesses in Canada because it is the largest packaging company. Trade at an attractive multiple. The payout ratio is almost 60%.

A very steady packaging and distribution business. The payout ratio is lower than 50% and they have targeted higher than that. There should not be much impact from the NAFTA negotiations.

This is the kind of business that investors should own in this time in the market. It pays a nice dividend. It is nicely diversified in terms of the types of packaging. Products are well-suited to consumer staples, which aren’t as sensitive to the market cycle. Management owns a large stake in the company. He think it is a good long-term hold.