Jewett-Cameron: quick update

by It will fluctuate

Jewett reported financial results today. Things look good to me:

Book value increased by 5.5% in the three months from February to May.

Cost of sales as a percent of sales went down “largely due to a more favorable product mix in the current quarter, and an increasing shift towards e-commerce sales of our metal products through our customer’s online websites”, which sounds auspicious.

Net income was about a million.

So, there’s really not much to say. And “that’s good, not bad”.

Long JCTCF

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