Savvy Trades and Investments

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JCTCF reports a Q4 dud. I'm a bit surprised considering there's been a large bid on this one for weeks (figured someone knew earnings would be good). The Q4 bottom line was particularly awful. Because there was an $800K charge in the quarter. Of course they failed to mention that $800K charge in the earnings PR. These guys...

From the 10K-

"In the 4th quarter, we recorded a $800,000 inventory allowance against our earnings, with a good portion of this allowance for the carrying value of our European inventory."