2024-05-10 10:32:08 ET
Summary
- Mixed financial performance so far in 2024.
- Promising progress in expanding plywood business segment, better inventory turnovers, but slower DSO figures for Pet Products inventory.
- 8% YoY sales growth in Q2 2024, excluding revenues from disbanded seed business. JCTCF still undervalued but uncertainties remain.
I am giving the Jewett-Cameron Trading Company Ltd. ( JCTCF ) a HOLD rating because their most recent quarter was a bit of a mixed bag of news. Their loss from operations figures have improved significantly between Q2 of 2023 and Q2 for 2024, but their six month loss from operations lost an additional $299,028 in 2024 compared to the first six months of 2023. JCTCF is making large amounts of progress expanding their plywood business segment, which looks promising, but this exciting news is contrasted by the news that, while their inventory turnover is improving, their DSO figures are also growing. That being said when excluding the revenues from JCTCF's now disbanded seed business, JCTCF saw an 8% growth in year over year sales for 2024's Q2....
Read the full article on Seeking Alpha
For further details see:
Jewett-Cameron Trading Company Is A Hold For Now