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”.