Issue 22 – A Premium Holding


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.

Continue Reading in PDF

By Charles Marleau, CIM & Joany Pagé, CFA

 

Click to Read Macro View

By Hubert Marleau

 

Click to Read Options Corner

By Robert Mendel

 

Click to Read Palos-Mitchell Report

By William Mitchell