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Re: hweb2 post# 98826

Friday, 07/08/2022 11:47:24 AM

Friday, July 08, 2022 11:47:24 AM

Post# of 129714
JCTCF - funny you mention this one, I looked at it last weekend and came to a similar conclusion and bought a bit at ~6.30 this week (can only really buy a bit of this one).

This was a key line for me in the last PR:
Based on the timing of accounts receivable, the Company believes it will begin to repay the amounts borrowed on its line of credit in the third quarter, and it has sufficient working capital available for the remainder of fiscal 2022.

Previously, their earnings PRs had mentioned the possible need to raise money via a stock offering, which made me pretty disinterested.

Historically, they've been a well run company. That former CFO might be a bit too optimistic, but I think it's worth a shot. Their exposure to the pet market is the best part.

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