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 > buying opportunity

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Comment by wkrpradioon Feb 18, 2024 8:00pm

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Post# 35887080

RE:RE:RE:RE:RE:buying opportunity

bucheroncapital wrote:
wkrpradio wrote:
bucheroncapital wrote:
bucheroncapital wrote: I agree if the trend of the current results is sustainable, LAS will be rewarded with decent multiples and its way above the current one.

Like I said .... and it's still quite cheap at the current level

Certainly not cheap by any means. Possibly undervalued , but when it was trading in the $95 range , that was CHEAP.

@ 18X P/E it's relatively <cheap> , there is still room to move up , and it's now more diversified (juice, wine , sauce , broth and lots of private label ....) I like the story and will keep on holding

More diversified and more complicated to manage. 18X P/E is high compared to a lot of great oil & gas stocks priced at 4X to 5X P/E.

I prefer to buy low and sell high and not get emotionally attached to any one stock..

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