Seeking Alpha

Lancaster Colony Corp. (LANC) is one of those stocks most investors look at with a long-term time horizon in mind. In part, because LANC isn't going to make you rich overnight, but rather serve as a way to protect capital. The company has a top-notch balance sheet and is resilient against the broader economy, with a beta of only 0.4.

The problem that we see with this stigmatism is; Lancaster could be so much more. While other food companies are leveraging their balance sheet and making acquisitions, Lancaster Colony's management is content to sit back and do nothing. We think it's only a matter of time before an activist gets involved with LANC, due to its pristine...

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