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Jewett-Cameron Trading Company Ltd. Message Board

algo41 23 posts  |  Last Activity: 2 hours 12 minutes ago Member since: Jun 12, 2000
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  • algo41 algo41 2 hours 12 minutes ago Flag

    Estimate is based on 7 analysts, but only 5 modified their estimates in the last 7 days, and maybe not all the 5 revisions were after earnings were announced. I notice lots of apparent discrepancies in the Yahoo figures. I wonder how much analyst turnover there is as regards who is submitting estimates.

  • Quarter was very good, How does the single analyst, with the aid of management guidance, get earnings correct within rounding error for at least 5 quarters in a row?

  • No indication of debt, cash equivalents. No comment on tax rate of 29.2%. As of last quarter they don't hedge FX. No guidance of any kind (they do state that they plan "increased strategic investments in product line expansion and new category entry."). Nothing new there but it seems to work. Seeking Alpha article points out that most of their markets are mature or even declining.

  • Reply to


    by algo41 Feb 23, 2015 3:56 PM
    algo41 algo41 Feb 24, 2015 9:11 PM Flag

    Infinity, thanks for pointing that out. I had trouble reading the SEC form because it wasn't posted in HTML format unlike many similar forms. Did you get your information on Edgar or elsewhere, like a more informative source?

  • Reply to

    Why does EQR distribute

    by investors_liberation_movement Jan 23, 2015 9:44 AM
    algo41 algo41 Feb 24, 2015 1:14 PM Flag

    It does so because it thinks its shareholders desire this. Since the proper metric is FFO, or at least some version of it, EQR can return more than net income and still grow. Returns of capital to a shareholder are not taxed.

  • algo41 by algo41 Feb 24, 2015 9:05 AM Flag

    Less than usual in info provided and 10-k won't be out for a while. I hope in making projections for 2015 they were based on recent FX values, not FX values as of Dec 31. In 2013 US sales were 58% of total.

  • algo41 by algo41 Feb 23, 2015 3:56 PM Flag

    SEC form was hard to read due to formatting, but it looks like Fidelity now owns more than 5% of GENC shares.

  • That has been cited as a cost savings initiative. I was therefore surprised when my backed haddock (great dish) sat alone on a plate, while broccoli was served in its own bowl. I spoke to the manager on duty (it was a slow night). He hadn't heard of the initiative as such. If I understood him, they eliminated the bread plate, but to make up for it substituted larger plates for smaller ones for other things such as baked sweet potato. He thought this was good, as the small plates tended to get broken.

  • algo41 by algo41 Feb 11, 2015 1:45 PM Flag

    A range of only 10 cents over a year is ridiculously small. It could mean they manage earnings, but I think it is probably because they really think they can do better. I haven't thought to track this in the past. They did beat analyst expectations for last 4 qtr., but not by much each qtr.

  • I was in an outlet store today. I wonder if they shouldn't have used a name variant for the products not made with sheepskin and for some of their other cheaper shoe wear.

  • In seeking alpha. Lots of good data on share of market.

  • Reply to

    CNI and energy

    by mdkdhk Dec 15, 2014 3:14 PM
    algo41 algo41 Dec 19, 2014 9:22 PM Flag

    I'm too lazy to look it up, but I doubt website shows operating profit by commodity.

  • Reply to

    Lower Oil Price Effect

    by apgarvey Dec 15, 2014 11:12 AM
    algo41 algo41 Dec 15, 2014 6:30 PM Flag

    On the other hand, cost advantage of US plants using natural gas instead of oil as in input is decreasing. In terms of energy content, at least, natural gas is still much cheaper.

  • Prince Rupert, British Columbia, is a 1,000-mile drive from Seattle and far from major manufacturing centers. But last year, the port in the northwestern Canadian province was a key North American entry point for Asian-made products, and nearly all of the goods it received went to the U.S.

    Cargo traffic bound for the U.S. has risen 11% so far this year at Prince Rupert, the smaller of Canada’s two West Coast ports. To take advantage of growing demand, the port is moving ahead with plans to boost its container-handling capacity.

    Shipping companies are seeking the fastest route to move Asian goods to the U.S. Midwest, with a growing share of U.S.-bound cargo arriving first in Canada. The increased business suggests Canada’s efforts to exploit some natural geographic advantages by spending billions of dollars on its West Coast trade infrastructure are paying off.

    Congestion, labor tensions and tax concerns at U.S. ports have also spurred some shippers to look north.

    Canada was the entry point for 2.6% of U.S.-bound Asian cargo in 2010, and has likely grown to a “new record high” since then, said Richard Lidinsky Jr. , commissioner for the Federal Maritime Commission, the agency tasked with regulating the U.S.’s international ocean transportation system. Roughly 87% of the containers received in Prince Rupert were hauled by rail to the U.S., the agency said.

    Northwest U.S. ports have seen a nearly 11% drop in cargo from Asia over the past year, according to the FMC.

    “It’s a wake-up call for us,” said Mr. Lidinsky. “It almost becomes a self-fulfilling prophecy. If you have problems in California and the Pacific Northwest, there’s a natural alternative to go to Canada.” Once a port loses that business, he added, “it’s very, very difficult to win it back.”

    Article continues

  • Starr asks good, respectful, positive questions. Even his patience was worn out by another speech in lieu of an answer, and said "Yes. Okay, I know all this.". Jaffe got a bit testy. I can't blame Jaffe trying to tell his story to any possible new investors, but don't then blame the questioners for taking too much time.

  • I was a shareholder years ago. I didn't have faith in Craig Maier (this company was the only Golden Corral franchisee who seemed to lose money on those restaurants, and it took many years before they gave up increasing their investment and got out of the business). Still, FY 2014 eps caught my eye, until I discovered it was due to one time tax recoveries.

  • Good article on Gencor posted today. Favorable, but hasn't moved price.

  • Reply to

    I'm all in...

    by pointmaker Oct 2, 2014 3:44 PM
    algo41 algo41 Dec 2, 2014 6:38 PM Flag

    I know with manufactured homes it is relatively easy to open a new plant.

  • Reply to

    A market for RAVN?

    by algo41 Nov 28, 2014 11:27 AM
    algo41 algo41 Dec 1, 2014 12:41 PM Flag

    Skip, article claimed growth was exponential everywhere. As to how specialized plastic is, I don't know, but you want very good transparency, durability and insulation I would imagine. Well, if they are rolling up all the sides, maybe transparency is not important (incidentally, I would think you would want to roll down the sides for maximum sunlight to hit plants).

  • hey are selling more leather than they expected, and therefore eps is being revised down. Huh?? I guess the key is that revenue guidance is not being revised up, so they are selling less non-leather merchandise.

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