Jason Del VicarioLassonde Industries Inc.LAS.A.TOTOP PICKDec 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).
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.
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.
(A Top Pick May 14/08. Down 17.4%.) Fruit juice manufacturer and packager. Well run. Dominant in Quebec. Long history of raising dividends. Solid, defensive investment.
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.
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).