The Investment Reporter, in its May 13, 2016, issue, says buy Lassonde Industries Inc., recently $174.99. The Reporter said buy 15 times from June 8, 2000, to Aug. 7, 2015, at prices ranging from $12.50 to $137.46. Assuming a $1,000 investment for each of the 15 buys, the $15,000 position is now worth $74,020. Lassonde develops, produces and markets ready-to-drink fruit and vegetable juices and drinks. In 2015, it earned $57-million, or $8.15 a share, up 26 per cent from earnings of $45.2-million, or $6.47 a share, in 2014. The company's sales also increased 22 per cent in 2015, reflecting U.S. exchange rate gains and higher sales from Apple & Eve. Lassonde, however, predicts a bleak outlook for 2016: With an increasingly competitive environment in Canada, the company says it will try to adjust its sales and marketing strategies, innovate products, and continue private label customer development. In 2016, Lassonde is expected to earn $9 a share. Based on this estimate, the shares trade at a high forward price-to-earnings ratio of 19.4 times. The company pays a $1.64 dividend which yields 0.9 per cent. Buy if you can accept holding a stock with some share price risk.
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