Richards Packaging Income Fund T.RPI.UN

Alternate Symbol(s): RPKIF

Consumer Cyclical Packaging & Containers

Richards Packaging Income Fund (the Fund) is a Canada-based company. The Fund owns Richards Packaging Inc. (Richards Packaging), which serves a range of customer bases throughout North America comprised of approximately 17,000 regional food, beverage, cosmetics, healthcare, and other enterprises. Richards Packaging specializes in the design, manufacture, and distribution of packaging solutions in both glass and plastic containers and closures for a variety of markets. The Company's services consist of global sourcing, inventory management, manufacturing, and packaging 101. The Company also operates other divisions, which includes Clarion Medical Technologies, Dispill, Dosipill International, and Healthmark. Under RICHARDS Pharma Solutions, it offers personal protective equipment (PPE)/specialty, laboratory, and automation solutions as well as products, such as vials, bottles, and ointment and lotion.

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Richards Packaging Income Fund > Valuation

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Comment by HermannHalleron Feb 25, 2022 12:02pm

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Post# 34461780

RE:RE:Valuation

Might be time to revisit this one? I think I will wait to see the Q4 results.

HermannHaller wrote: As a long term holder, you probably remember that it traded under 8x EBITDA two years ago. Today, at $67, I estimate it is over 11x, using my forecast for 2021 EBITDA.

I think the company has done a great job over the years, showing its resilience, and improving the balance sheet. But it's undeniable that the company got a boost from Covid last year, that they are now seeing 'unwind'. They are also fighting a stronger C$ than seen in a long time.

The stock was at $50 prior to Covid, that's the downside risk in my view.