What is going on?Does anyone know what's going on? Lassonde is trading at half its previous highs and seems to be in a downward spiral for a couple of years. I am down about 1/3 and my patience is starting to run out. This was supposed to be a steady-eddy recesion proof stock and yet it seems to get no love. Is it all because of the Chinese juice tarrifs, the US competition from Refresco, or resin prices? I thought the consolidating market would lead to more rational pricing, distribution and supply chain synergies, and thus more stable margins in the long run. What did I misunderstand?
Most of my stocks are doing poorly and are 20-30% below their highs and at or below levels they were trading several years ago (look at SJ, DOL, MTY, NFI, RCH, ALA, WPK, LNR etc)... there is little love for Canadian mid-cap companies except for a few market roll-up darlings. I will not even mention energy services companies. So much for the media hype about new all time highs. We had multiple large corrections in different segments of the market over the past five years and I certainly do not feel exuberant about the market and am barely breaking even on book cost, let alone being concerned about inflation.