Post by
incomedreamer11 on Apr 03, 2023 6:53pm
Entrance point
Again very weak results,situation similar to ADW( Andrew Peller) at least dead money.
Move down my stink bid from 90-100CAD to 75-80 CAD
The best scenario - privatization company
Comment by
2young2invest on Apr 12, 2023 7:36pm
Hey! I'm new to Lassonde, just saw it hit $100 and remeber it was $300 before, just wow. What is going on with the company, inflation is eating into their profits?
Comment by
incomedreamer11 on Apr 14, 2023 11:10am
Many reasons to be below 100 CAD: - dual-class ownershipof company - unreliable dividend ( for last 5 years they cut twice dividend) - they bought SunRipe corporation from Pattison Group and took lots of debt - shrinking margin and rising expencies - another dividend cut? - they are loosing market shares in USA
Comment by
Simian on Apr 17, 2023 7:07pm
They have not cut the dividend. It has been company policy to pay out 25% of EPS as dividends for years. When EPS moves higher, the dividend will as well.
Comment by
2young2invest on Apr 17, 2023 9:26pm
Thanks for details, will do more research and put it on my watch list, might be a good turn-around candidate one day.
Comment by
incomedreamer11 on Jun 27, 2023 11:43am
All small dual-class company -milk cow for owners and access for public money without responsibility and protection from activist investor. Move my target price 50-75 CAD for entrance.All supports are broken and nobody will accumulate shares because of structure company. For last 2 years they lowering dividend two times from3.52 to 2.00 CAD yearly.
Comment by
Valneigette on Jun 30, 2023 8:24pm
stupid comment here...they are making money...at least $8,50 per year and book value is $138 per share... $50-$70 you can forget it man
Comment by
bucheroncapital on Jul 31, 2023 11:10am
Given the volume no way 50-70$ it's a $140.00 stock without any good will and it's earning $8,00-$10,00 per shares , at $50 I would be buying all I could afford !