went up for the quarter most recently reported. from 1.45MM to 1.65MM, for those who dont do balance sheets. current assets are 3.5x current liabilities. long term debt is 58,000. Company is here to stay, given balance sheet metrics, gross profit contribution vs SGA run rate. SGA run rate is very low and margin contribution may exceed SGA by 2q13, which will mean profit. Yes profit. That is why the trade is long. do your own due diligance.
it went up because they were laying off and not buying goods ...its in the 10k dummy
thats survival mode not growth mode.....they could fire everyone this quarter not buy goods to ramp up and post a profit and you baggies would buy right in to it before the stock reacts to the reality of jsda.
jones assets is product collecting dust on shelves or already past expiration and in the dumpster at walmart ........thats what you baggies own ( shareholders equity)....nothing .....jones doesnt own a plant they hire 3rd party manufacturers ....they own nothing......
2.4 million in liabilities and only 1.7 mm in cash AND equiv..