Opinions

Stephen Takacsy, B. Eng, MBA Lassonde Industries Inc. LAS.A-T WEAK BUY Dec 11, 2024

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.

Stephen Takacsy, B. Eng, MBA

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$178.980

Stock price when the opinion was issued

food processing

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PAST TOP PICK

(A Top Pick April 28/09. Up 64.22%.)

PAST TOP PICK

(A Top Pick April 28/09. Up 47%.) Best known for its fruit juices. Larger than Tropicana and other giant fruit juice firms in Canada.

HOLD

Food Services/Products, largely dairy. Long-term hold. 2% yield.

TOP PICK

Juices and sauces. Recently made a US acquisition. Very good ROE. Clean balance sheet. Debt will temporarily go up 2.3-2.4 times EBITDA.

COMMENT

A French Canadian company. The principal Canadian fruit juices, etc. company. Chart looks like it is endlessly going up.

TOP PICK

The CEO has been an excellent creator of shareholder wealth. They went through a period of consolidation and have not broken through the 250 day moving average. They are a stead grower. (Analysts’ target: $272.50).

TOP PICK

A defensive stock. A large producer of juice in North America in stores, large and small. They're one of the leaders in an oligolpoly. Pays a 2% dividend in a steady business and trades at a 6.7x EBITDA, half of its peers.

HOLD

Have grown aggressively by acquisition. Fruit juice market is mature, so they've been diversifying. 20% ownership in Diamond Estates, and could buy the rest. They'll probably push harder in this sector. Excellent operators. Not a high growth sector, so trades at a low multiple.

PAST TOP PICK

(A Top Pick Oct 26/21, Up 15%)

Stock fell soon after recommending, he sold, now it's recovered. Good company. Supply issues and inflationary pressures have normalized. Pretty good value at 11-11.5x PE. Watches it; could potentially add on a pullback.

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Stephen Takacsy, B. Eng, MBA Lassonde Industries Inc. LAS.A-T WEAK BUY Dec 11, 2024

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