Is this an anchor?Just under 8% of market cap is tied to Bri-Chem ; possibly what was once a hidden value is now a hindrance?
This reduction in net earnings was largely due to the recording of a $339,500 unrealized loss on the investment in Bri-Chem Corp. common shares compared with an unrealized gain of $732,250 in fiscal 2022, for a combined year-over-year impact of $1,071,750 on net earnings. The Company invested $771,250 in fiscal 2022 on Bri-Chem Corp common shares and based on the market price as of August 31, 2023 the fair value of its investment in Bri-Chem Corp shares was $1,164,000.
Good investment in R and D.