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Michael Simpson, CFA Lassonde Industries Inc. LAS.A-T TOP PICK May 14, 2008

Manufacture fruit juices. Recently increased their dividend from $.50 to $.84. Recently expanded into Western Canada. Adding extra vitamins to the fruit juices. Trades at about 11X earnings and under 7X cash flow.
Michael Simpson, CFAMichael Simpson, CFA
Owned
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$43.250

Stock price when the opinion was issued

food processing
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PAST TOP PICK

Lassonde Industries Inc.(LAS.A-T)

Apr 29, 2010
(A Top Pick April 28/09. Up 64.22%.)
Michael SmedleyMichael Smedley
Owned
Unlock Rating
$55.040

Stock price when the opinion was issued

food processing
PAST TOP PICK

Lassonde Industries Inc.(LAS.A-T)

May 27, 2010
(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.
Michael SmedleyMichael Smedley
Owned
Unlock Rating
$51.000

Stock price when the opinion was issued

food processing
HOLD

Lassonde Industries Inc.(LAS.A-T)

Feb 02, 2011
Food Services/Products, largely dairy. Long-term hold. 2% yield.
Sandy McIntyreSandy McIntyre
Owned
Unlock Rating
$59.000

Stock price when the opinion was issued

food processing
TOP PICK

Lassonde Industries Inc.(LAS.A-T)

Sep 15, 2011
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.
Michael Simpson, CFAMichael Simpson, CFA
Owned
Unlock Rating
$69.110

Stock price when the opinion was issued

food processing
COMMENT

Lassonde Industries Inc.(LAS.A-T)

Oct 31, 2013

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

Michael SmedleyMichael Smedley
Unknown
Unlock Rating
$93.800

Stock price when the opinion was issued

food processing
TOP PICK

Lassonde Industries Inc.(LAS.A-T)

Dec 04, 2017

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).

Jason Del VicarioJason Del Vicario
Owned
Unlock Rating
$252.000

Stock price when the opinion was issued

food processing
TOP PICK

Lassonde Industries Inc.(LAS.A-T)

Oct 26, 2021
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.
Colin StewartColin Stewart
Owned
Unlock Rating
$174.630

Stock price when the opinion was issued

food processing
HOLD

Lassonde Industries Inc.(LAS.A-T)

Nov 09, 2021
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.
Stephen Takacsy, B. Eng, MBAStephen Takacsy, B. Eng, MBA
Unknown
Unlock Rating
$178.750

Stock price when the opinion was issued

food processing
WEAK BUY

Lassonde Industries Inc.(LAS.A-T)

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, MBAStephen Takacsy, B. Eng, MBA
No
Unlock Rating
$178.980

Stock price when the opinion was issued

food processing
PAST TOP PICK

Lassonde Industries Inc.(LAS.A-T)

Feb 19, 2025
(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.

Colin StewartColin Stewart
No
Unlock Rating
$191.920

Stock price when the opinion was issued

food processing

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