The market today is totally irrational - LANC has NO international exposure, and its product line (food, car mats, candles, etc) had nothing to do with the meltdown in Japan, Russia, or U.S. bombing terrorists! I can't believe the idiots who would sell this company today. I can't think of a safer place to be during stock turmoil. If the economy slows, more people will eat at home, and use salad dressings, etc. Also if people keep cars longer, they will need replace old car mats.
Sorry for being so windy, but I just can't believe the meltdown of this stock for no good reason. A PE of 14 - give me a break!!!!!
the price of LANC isn't unreal at this price, but it is attractive. roe has averaged 21% for the last 10 years. nice free cash flow. the company retained $330 million in the past decade and did quite well with it by expanding the business and making small acquisitions. eps growth of 17% for ten years is good too. the avg annual p/e is 15 for this stock, so projecting eps growth of 13.5%, plus a future p/e of 15, and div of 1.8% if you buy it now you'll yield 15-17% for the next 5-10 years. not too bad it you compare it too projected return of most other overpriced stocks or bonds.
p.s. their salad dressing isn't that good but their croutons are.