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Our tailor-made investment solutions are personalized to meet your specific objectives. Our mission is to offer our clients an exceptional wealth management experience. Customer satisfaction is our goal.
Our tailor-made investment solutions are personalized to meet your specific objectives. Our mission is to offer our clients an exceptional wealth management experience. Customer satisfaction is our goal.
Issue 22 – A Premium Holding
On Wednesday May 29, we had the chance to sit down with George Paleologou, the CEO of Premium Brands Holdings Corp (TSX: PBH). PBH is a food processing company that is renowned for its sandwich, meat, protein and seafood products. As the name implies, they pride themselves on having a collection of premium brands, with premium products containing quality ingredients. There is a lot to like about PBH. They have a dividend yield of 2.5%, their net debt to EBITDA on 2019 estimated exit numbers is now about 3x (their comfort level is 4-4.5x), and they grew their adjusted EBITDA over 60% in just 2 years.
Disclaimer: Palos Funds are shareholders of PBH.
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By Charles Marleau, CIM & Joany Pagé, CFA
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