Richards Packaging Income Fund | StockChase
24
Richards Packaging Income Fund (RPI.UN-T)

Last Price Recorded: $29.9900 on 2017-12-15

ON STOCKCHASE SINCE Aug 2004

investment companies/funds
24
Richards Packaging Income Fund (RPI.UN-T)

Last Price Recorded: $29.9900 on 2017-12-15

ON STOCKCHASE SINCE Aug 2004

investment companies/funds

Richards Packaging Income Fund


Signal Opinion Expert
COMMENT

He likes this. In the consumer staples space, so it is a stable type of company and you can expect it to grow with GDP. His main concern is liquidity. It can be illiquid at times and you need to be careful of your position sizing. Prefers CCL Industries (CCL.B-T), but if it is income you are looking for, this one is fine.

investment companies/funds

He likes this. In the consumer staples space, so it is a stable type of company and you can expect it to grow with GDP. His main concern is liquidity. It can be illiquid at times and you need to be careful of your position sizing. Prefers CCL Industries (CCL.B-T), but if it is income you are looking for, this one is fine.

investment companies/funds
Ryan Modesto

Managing Partner, 5i Research...

PricePrice
$28.810
Owned Owned
Unknown

PAST TOP PICK

(Top Pick May 18/17, Down 3.63%) The decline is just trading noise.  He still likes the company.  He would hold it for sure.

investment companies/funds

(Top Pick May 18/17, Down 3.63%) The decline is just trading noise.  He still likes the company.  He would hold it for sure.

investment companies/funds
Matt Kacur

President, FSA Financial Scienc...

PricePrice
$27.960
Owned Owned
No

PAST TOP PICK

(Top Pick Feb 28/17, Up 25%) It is still not overvalued.  They generate a lot of cash flow and you get a 4.5% dividend which represents about a 50% payout.  They have a huge runway to make acquisitions in North America.  It is still one of his favourite names.

investment companies/funds

(Top Pick Feb 28/17, Up 25%) It is still not overvalued.  They generate a lot of cash flow and you get a 4.5% dividend which represents about a 50% payout.  They have a huge runway to make acquisitions in North America.  It is still one of his favourite names.

investment companies/funds
Veeral Khatri

Partner and Portfolio Manager, JC Clark...

PricePrice
$30.000
Owned Owned
Yes

TOP PICK

Glass and plastic packaging. Does a lot of pharmaceutical type packaging. This has had 13 years of 25%+ return on invested capital. A really strong balance sheet.

investment companies/funds

Glass and plastic packaging. Does a lot of pharmaceutical type packaging. This has had 13 years of 25%+ return on invested capital. A really strong balance sheet.

investment companies/funds
Matt Kacur

President, FSA Financial Scienc...

PricePrice
$29.230
Owned Owned
No

TOP PICK

A very stable stock. Distributes rigid packaging products. They have 3 main end markets; food packaging, cosmetics and healthcare like pill bottles. Very stable. They generate a ton of free cash flow. 10% free cash flow yield and are paying out only half of that as a dividend. Dividend yield of 4.64%.

investment companies/funds

A very stable stock. Distributes rigid packaging products. They have 3 main end markets; food packaging, cosmetics and healthcare like pill bottles. Very stable. They generate a ton of free cash flow. 10% free cash flow yield and are paying out only half of that as a dividend. Dividend yield of 4.64%.

investment companies/funds
Veeral Khatri

Partner and Portfolio Manager, JC Clark...

PricePrice
$23.860
Owned Owned
Yes

COMMENT

This is on his radar screen. They have been consolidating over the last little while, and he would like to see the stock show some technical strength i.e. moving out of that consolidation phase beyond $25-$26 on above average volume. A good position for somebody income oriented.

investment companies/funds

This is on his radar screen. They have been consolidating over the last little while, and he would like to see the stock show some technical strength i.e. moving out of that consolidation phase beyond $25-$26 on above average volume. A good position for somebody income oriented.

investment companies/funds
Jason Del Vicario

Portfolio Manager, HollisWealth...

PricePrice
$24.450
Owned Owned
No

COMMENT

(Market Call Minute.) They’ve been able to put up good organic growth numbers, and recently raised its dividend. Kind of a boring company, but in this environment boring can be amazing.

investment companies/funds

(Market Call Minute.) They’ve been able to put up good organic growth numbers, and recently raised its dividend. Kind of a boring company, but in this environment boring can be amazing.

investment companies/funds
James Rife

Head of Canadian Equities, Canalyst Financial M...

PricePrice
$24.800
Owned Owned
Unknown

BUY

It has been on a tremendous run and he does not think it is going to stop.  Management is solid and the balance sheet is solid.  They are benefiting from the shift away from physical stores.

investment companies/funds

It has been on a tremendous run and he does not think it is going to stop.  Management is solid and the balance sheet is solid.  They are benefiting from the shift away from physical stores.

investment companies/funds
Ben Cheng

President and Chief Investment Officer, Aston Hill Financial...

PricePrice
$23.960
Owned Owned
Yes

COMMENT

This is a tough business. Packaging is a good consumer staples type of business. They do all the things right. Have a good dividend, raise it, and do share buybacks. He just can’t get past the illiquidity. Also, there has been quite a big run up on shares recently. Now trading at multiples that are on par with something like CCL Industries, which is much larger and a much more liquid company, which he would prefer.

investment companies/funds

This is a tough business. Packaging is a good consumer staples type of business. They do all the things right. Have a good dividend, raise it, and do share buybacks. He just can’t get past the illiquidity. Also, there has been quite a big run up on shares recently. Now trading at multiples that are on par with something like CCL Industries, which is much larger and a much more liquid company, which he would prefer.

investment companies/funds
Ryan Modesto

Managing Partner, 5i Research...

PricePrice
$23.300
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick June 12/15. Up 66.05%.) Despite the stock being up, it is probably still no more expensive, from a valuation standpoint, than it was a year ago. Earnings have grown and the cash flow has grown significantly. Have made some acquisitions. Pays a nice dividend. Management owns a significant stake. Dividend yield of 4.4%.

investment companies/funds

(A Top Pick June 12/15. Up 66.05%.) Despite the stock being up, it is probably still no more expensive, from a valuation standpoint, than it was a year ago. Earnings have grown and the cash flow has grown significantly. Have made some acquisitions. Pays a nice dividend. Management owns a significant stake. Dividend yield of 4.4%.

investment companies/funds
Colin Stewart

CEO & Portfolio manager, JC Clark Investments...

PricePrice
$25.500
Owned Owned
Yes

BUY on WEAKNESS

Continues to deliver great results and has a nice sustainable dividend yield. It doesn’t happen very often, but if you see a pullback that is the time to step into this.

investment companies/funds

Continues to deliver great results and has a nice sustainable dividend yield. It doesn’t happen very often, but if you see a pullback that is the time to step into this.

investment companies/funds
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investm...

PricePrice
$24.080
Owned Owned
No

BUY

They have some historic tax losses and so can remain an income trust.  It is an excellent business.  They have a very diversified customer base.  They are a distributor of product packaging.  They are expanding more into the healthcare space in the future.  Healthy free cash flow, 5.5% dividend.

investment companies/funds

They have some historic tax losses and so can remain an income trust.  It is an excellent business.  They have a very diversified customer base.  They are a distributor of product packaging.  They are expanding more into the healthcare space in the future.  Healthy free cash flow, 5.5% dividend.

investment companies/funds
Colin Stewart

CEO & Portfolio manager, JC Clark Investments...

PricePrice
$21.250
Owned Owned
Yes

PAST TOP PICK

(Top Pick Feb 17/15, Up 17.48%) It is a simple packaging business.  5% dividend.  Management owns over 5% of the equity.  They benefit from a stronger US dollar.  A lot of packaging is for consumer staples. 

investment companies/funds

(Top Pick Feb 17/15, Up 17.48%) It is a simple packaging business.  5% dividend.  Management owns over 5% of the equity.  They benefit from a stronger US dollar.  A lot of packaging is for consumer staples. 

investment companies/funds
Colin Stewart

CEO & Portfolio manager, JC Clark Investments...

PricePrice
$17.210
Owned Owned
Yes

HOLD

This is not well known. It is really quite interesting as a small cap company that is doing nicely with its numbers. It does a very highly specialized, mainly small runs, of packaging for hospitals, etc. which need special items to contain things. 5.3% dividend.

investment companies/funds

This is not well known. It is really quite interesting as a small cap company that is doing nicely with its numbers. It does a very highly specialized, mainly small runs, of packaging for hospitals, etc. which need special items to contain things. 5.3% dividend.

investment companies/funds
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$16.500
Owned Owned
Yes

PAST TOP PICK

(Top Pick Feb 17/15, Up 20.40%) It is not widely followed, but one of the largest players in North America in their space.  It was very recession resistant in ‘08/’09.  It pays a 5.5% dividend and earlier they made an acquisition.  He thinks they may do more of that going forward.  As it grows more people will pay attention.

investment companies/funds

(Top Pick Feb 17/15, Up 20.40%) It is not widely followed, but one of the largest players in North America in their space.  It was very recession resistant in ‘08/’09.  It pays a 5.5% dividend and earlier they made an acquisition.  He thinks they may do more of that going forward.  As it grows more people will pay attention.

investment companies/funds
Colin Stewart

CEO & Portfolio manager, JC Clark Investments...

PricePrice
$18.590
Owned Owned
Yes

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