Richards Packaging Income Fund RPKIF

Primary Symbol: T.RPI.UN

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.

TSX:RPI.UN - Post by User

Richards Packaging Income Fund

<< Previous

Bullboard Posts

Next >>

Post by lotus1on Mar 10, 2022 10:28pm

161 Views

Post# 34505332

Acumen Capital

March 10, 2022

Despite a fourth-quarter beat and special dividend announcement, Acumen Capital’s Jim Byrne trimmed his Richards Packaging Income Fund target to $68 from $80 with a “buy” rating, citing “multiple contraction in the peer group.”

“The company continues to generate significant free cash while navigating today’s challenging business environment. We would view further M&A as a positive catalyst for the units,” said Mr. Byrne, who is the lone analyst covering the stock.”

<< Previous

Bullboard Posts

Next >>

How one company is disrupting PoC testing