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Lassonde Industries Inc T.LAS.A

Alternate Symbol(s):  LSDAF

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

Post by Possibleidiot01on Dec 11, 2024 2:50pm
56 Views
Post# 36357258

Stephen Takacsy - BNN - WEAK BUY

Stephen Takacsy - BNN - WEAK BUY

Tariffs shouldn't be a problem. Now improving operations and margins. Juice not growing as much as in the past, due to concerns about sugar intake. Not expensive, very well managed. Not a liquid stock. For a long-term value investor.

He's never owned it. Quite acquisitive in the past. Topline has slowed, hard to see how it's going to move the needle for a decent growth rate.

food processing

Sector's had a rough ride, with the pandemic plus higher input costs. Wine consumption has flattened. Last results showed significant margin improvement. Growth is challenged, making small tuck-in acquisitions. Expects majority shareholder to eventually take it private.

0
N/A
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