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Stockchase Opinions

Michael SmedleyLassonde Industries Inc.LAS.A.TOPAST TOP PICKMay 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.
$51.00

Stock price when the opinion was issued

$214.76

As of Jun 19, 2026. Market Open.

food processing
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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.
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.
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).

COMMENT

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

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.
HOLD
Food Services/Products, largely dairy. Long-term hold. 2% yield.
PAST TOP PICK
(A Top Pick April 28/09. Up 64.22%.)
PAST TOP PICK
(A Top Pick April 28/09. Up 50.8% excluding dividends.) Quebec-based. Specialized fruit juice manufacturer. Continue to Hold.
PAST TOP PICK
(A Top Pick May 14/08. Down 5.39%.) Manufactures fruit juices/drinks. Health trend is good for them. Still Buying.
TOP PICK
Great Track record; family run company. Largest Fruit Juice supplier in Canada.
PAST TOP PICK
(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.
TOP PICK
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.