TSX:RSIFood
Rogers Sugar (TSX:RSI) Stock Faces Revenue Erosion As Dividend Holds
Rogers Sugar came into this earnings print as a high yield, low expectation stock, trading on a P/E of 13.1x that sits well below both the North American food industry and its direct peers. That discount met a set of results that looked more like a margin story than a growth scare. Adjusted net earnings landed at $16m with adjusted EBITDA of $36m and free cash flow over the past year at $90m, enough to keep the long running $0.09 quarterly dividend intact and the investment case focused on...