Clarification on ORGN Plus JSDA Results

Energy Deep Values and JSDA

I apologize for the brief Origin Materials ORGN post. I have a lot of new followers and subscribers, so I should have said that was a follow-up on my original detailed article from back in June of this year. Origin was a sub net tangible asset value stock find back then when it traded for around $1.00 a share. It was one of the alternative energy stocks I found in deep value territory. The thesis for these alternative energy stocks was, in part, a prediction of sector rotation into alternative energy eventually. The Frey Battery was my lowest conviction pick in the space. The Fuel Cell has been disappointing, as they are burning lots of cash and projects are still in their infancy. However, it’s good to see a lot of these stocks I have covered over the past year near their yearly highs.

Jones Soda JSDA

One of my favorite small-cap stocks Jones Soda $JSDA reported Q2 results the other day. Revenue for the quarter was up 49% year over year. Gross profit margin was 35.8 vs 32.4 prior year. Net loss was -1.6 mil vs -1 mil. I suspect the stock price hasn’t reacted much off the quarter because they announced a $5 million offering recently. The company reported growth across all its lines of business.

They launched Jones Minis in 700 Walmart stores across the U.S. The gross margin expansion was primarily driven by growth in the sales of higher-margin Mary Jones products and by continued pricing adjustments, especially in Canada as the Company moved to DOT Foods as its primary distributor.

They expanded into Michigan with their cannabis products. The long-term prospects for the cannabis business is strong, as the trend has been for more and more U.S. states to legalize cannabis products.

Full Disclosure: I am long shares of ORGN and JSDA