Parthenon LLC Delivers Open Letter to the Jewett Cameron Board of Directors [Yahoo! Finance]
Jewett-Cameron Trading Company - Common Shares (JCTCF)
US:NASDAQ Investor Relations:
jewettcameron.com/store/investor-relations
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Source: Yahoo! Finance
Profitability has collapsed over the past 3 years Insiders own less than 1% of the outstanding stock No insider has purchased a single share of stock in 10 years – an unequivocal vote of "no confidence" in the business LOUISVILLE, Ky. Aug. 26, 2024 /PRNewswire/ -- Jewett Cameron Trading Company LTD. Attn: The Board of Directors 32275 N.W. Hillcrest P.O. Box 1010 North Plains, Oregon Members of the Board of Directors: Parthenon LLC is one of the largest shareholders of Jewett Cameron , with a beneficial ownership of approximately 6.2%. We have been continuous shareholders since 2011. We have generally been very patient and supportive owners. However, over the past two years, we have discussed our growing apprehension and disappointment with the current CEO and the Board Chairman in numerous conversations. Our warnings, which have unfortunately proven even more prescient than we imagined, have largely been ignored. We are writing this letter to express our serious c
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