JCTC
Jewett-Cameron Trading Company Ltd., through its subsidiaries, engages in the manufacturing and distribution of pet, fencing, and other products. The company operates through Pet, Fencing and Other; a...
Deep Value Chronicles on JCTC (JCTC)
公司的名字
Jewett-Cameron Trading Company Ltd.
主要经营地
美国 Oregon / North Plains
详细的生意模式
小型建材/围栏/宠物用品分销制造商，兼有工业木制品等杂项业务
护城河
渠道与品牌很有限，几乎没有深护城河
估值水平
亏损股，更适合看 P/S 约 0.15x / EV/Sales 约 0.23x
EV/Market Cap
1.51x
网络观点
这篇本质只是 AGM 更新：所有决议通过，但没有给经营展望或新催化
AI的观点
AGM 本身没有太多信息量，真正要看经营。官方 FY2025 收入降至 $41.3m、转为 $4.1m 净亏损，2026Q1 仍继续亏损，所以这不是“会议通过就能反转”的小票。 (GlobeNewswire)
作者简介
Substack 作者；X:@dismissedeurope；专业❌；顶级❌；13F❌；总回报 -3.5%（3笔）
Jewett-Cameron at Half of NCAV: Cut Losses or Double Down on a Broken Net-Net?
Jewett-Cameron (JCTC) is a holding company trading at a deep discount to its net current asset value. The company's business has been affected by weak consumer spending and tariffs, leading to significant operating losses. While the stock is cheap, the high cash burn rate is a major concern. However, the company has valuable real estate assets that could unlock significant value if sold.