Revenue increased 4.9% to $9.2 million compared to $8.8 million a year ago Gross margin increased to 38.3% versus 35.6% last year Diluted earnings per share were $0.00 compared to $0.00 a year ago
5% earnigs growth and no profit and revenues comparable to Leading Brands and they have a market cap of $600 million. Either we should be shorting the hell out of Jones or buying Leading Brands with both fists!!
The loss of Hnasen hurt but that is clearly reflected in the stock price now and should serve as a learning experience that you need to create your own brands.
Your forgetting the market looks to the future. The sales numbers your looking at are before JSDA goes nationwide with their canned product, '07 is going to be a record year for Jones. LBIX would be wise to follow the Jones model which built shareholder value and not just six figure salaries and stock options for the insiders.