[2016-MAY] Jewett-Cameron Trading Co Ltd. NASDAQ : JCTCF Correlation Histogram
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 2,830 NASDAQ Stocks Price Analysis This stock mode of correlation coefficient is -0.4 In other words, the correlation coefficient of the other stoc
Great report for this low floater. Fiscal Q3 fully taxed earnings of .37/share vs. .18/share last year. Q3 is a seasonally strong quarter, but so is Q4. Solid balance sheet with over $2.50/share in cash.
JCTCF has an aggressive buyback in progress. In March, they announced a buyback of up to 250,000 shares (or nearly 10% of the shares outstanding). And they're actually doing it! Repurchased 63,386 shares in Q3 at an avg price of $11.77. And so far in Q4, they've already bought another 42,742 shares at an avg price of $11.45. CEO also voluntarily returned 15,000 shares last month. Buyback expires in August, so they've only got a few more weeks to buy up to 144,000 more shares. Should keep a strong bid under the stock short-term. Not to mention the reduced share count will enhance EPS going forward.
Like how they talk about a warehouse expansion project in the PR. Seems to bode well:
"The new products we have introduced over the last 12 months continue to be well received by our customers," said CEO Don Boone. "We have also begun construction of a warehouse expansion at our North Plains headquarters which will allow us to introduce additional new product lines going forward."
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This is an odd company. Not only does Boone, the head, draw very low salary, but for at least the last 2 years, he has donated back to the company 15k shares each year. There are no options.