Lassonde Industries Inc T.LAS.A

Alternate Symbol(s): LSDAF

Consumer Defensive Packaged Foods

Lassonde Industries Inc. is a food and beverages company. The Company develops, manufactures, and markets a range of private-label and national brand products, including ready-to-drink beverages, fruit-based snacks, and frozen juice concentrates. It is also a producer of cranberry sauces and specialty food products, such as pasta sauces, BBQ sauces, condiments soups and fondue broths and sauces. The Company also produces, imports and markets selected wines from several countries of origin and produces and markets apple cider and cider-based drinks. It is active in two market segments: Retail sales consist of sales to food retailers and wholesalers, such as supermarket chains, independent grocers, superstores, warehouse clubs, pharmacy chains, and Food service sales consist of sales to restaurants, hotels, hospitals, schools, and wholesalers serving these institutions. It operates over 19 plants located in Canada and the United States. It also operates Summer Garden Food Manufacturing.

TSX:LAS.A - Post by User

Lassonde Industries Inc

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Comment by Valuepickon Apr 11, 2020 10:03am

144 Views

Post# 30898707

RE:RE:RE:RE:What is going on?

Nope they own good solid brands , they are now integrated as a food company with sauces and broth along with juices and cider! So if you look at the multiples paid for Cons Staples products and brand and supply chain right now the price to book is 1.40 X and 1.7G in sales (2019) and a PE of 13-14 X. They are selling products that are recession proof and they are a very small player in this industry so why would they not be considered as a potential target (!) - my own opinion

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