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Lancaster Colony Corporation Message Board

  • mentges mentges Aug 21, 1998 12:54 PM Flag

    Flash! People stop buying food because

    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!!!!!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • 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.

    • .....this is a good buying opportunity. I think
      it is just part of the downdraft in all small cap
      stocks. Just lock up LANC in your safe deposit box, don't
      worry about it, and you'll be a happy man.

91.90-0.46(-0.50%)Jul 23 4:00 PMEDT

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