Added to YB: 2025-12-05
Pitch date: 2025-12-03
JCTC [bullish]
Jewett-Cameron Trading Company Ltd.
+8.84%
current return
Author Info
Dismissed & Asset Backed has their heads stuck in 10Ks and 10Qs of 'old world' businesses trading below tangible book value. Sign up for the newsletter.
Company Info
Jewett-Cameron Trading Company Ltd., through its subsidiaries, engages in the manufacturing and distribution of pet, fencing, and other products.
Market Cap
$7.5M
Pitch Price
$2.21
Price Target
6.91 (+188%)
Dividend
N/A
EV/EBITDA
-2.73
P/E
-1.81
EV/Sales
0.23
Sector
Building Products
Category
special_situation
Jewett-Cameron Trading (JCTC) - A Net-Net in a Perfect Storm with Hidden Real Estate Values That Just Initiated a Strategic Review
JCTC: Building materials distributor trading 0.36x P/TB (first time below 0.40x), $7.5M market cap vs $20.7M tangible equity. Hidden real estate values: seed warehouse listed $7.2M (booked $0.6M), total properties potentially $16M+ per appraisals. Strategic review initiated, targeting asset sales, $1-3M opex cuts. Risks: liquidity issues, 12.25% credit line, 10 of 13 quarters EBIT losses. OCF selling 25% stake pressuring price. Parthenon urging board changes. Pro forma TB could reach $6.91/share with asset sales.
Read full article (6 min)