Q: Pat: Can I have your opinion on Richards Packaging, please. I am a long-term conservative investor, looking for safe stocks, some growth and good dividends. Thank you.
A: Richards Packaging Income Fund, $30.00, symbol RPI.UN on Toronto (Units outstanding: 10.9 million; Market cap: $329.0 million; www.richardspackaging.com), is a full-service packaging distributor to small- and medium-sized North American businesses.
The fund first sold shares to the public at $10 a unit, and began trading on Toronto in April 2004. In 2011, Richards decided to remain an income trust despite Ottawa’s move to drop tax breaks for businesses structured that way.
Richards is the largest packaging distributor in Canada and the third largest in North America. The company distributes more than 5,000 different types of cardboard, glass, and plastic packaging containers such as bottles, caps, trays and food cups. These products are sourced from over 600 suppliers and from its own manufacturing facilities.
The fund’s customers include over 14,000 regional food, beverage, cosmetic, chemical, and pharmaceutical companies throughout North America. About 48% of its sales come from Canada and 52% from the U.S.
Richards is the only North American distributor of rigid-plastic packaging…
Privacy Policy and Terms of Use
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This privacy policy is applicable to all TSI Network Visitors, Clients, Employees, Suppliers, Web sites, Management, and all other interested parties. Any links to or from our site are not covered by this policy. We encourage you to read the privacy policies of every site that you visit.
The privacy of the site/store visitor is very important to TSI Network, and is respected at all times. The information we receive from customers helps us to personalize and continually improve your online experience at TSI Network.
We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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Except as provided herein, TSI Network will not sell or rent personal information about you to unaffiliated third parties.
We may disclose personal information you have provided through our websites, for the above purposes, to persons or companies that we retain to carry out and other activities for which you have registered or in which you have otherwise asked to participate. In particular, we may for these purposes transfer information to any country (including the USA and other countries which may not offer the same level of data protection as Canada). We also will disclose personal information if required by law, including compliance with warrants, subpoenas or other legal processes.
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COMMENTS: TERMS OF USE
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
The contents of this web site and our publications are based upon sources of information believed to be reliable, but no warranty or representation, expressed or implied, is given as to their accuracy or completeness. Any opinion reflects the Successful Investor’s judgment at the date of publication and neither the Successful Investor, nor any of its affiliated companies, nor any of their officers, directors or employees, accepts any responsibility in respect of the information or recommendations contained in the publications or on this web site. Moreover, the information or recommendations are subject to change without notice.
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