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.