Jamieson is what I would consider to be middle of the line in terms of risk. It's a small cap stock, but with a beta of only 0.38, it's a lot less volatile than something like Lightspeed, which has a beta of nearly 3.
Rising interest rates have impacted a lot of companies. Jamieson is the victim of making a very strong acquisition and the worst time imaginable. Right after it acquired Nutrawise, rates escalated significantly and as a result financing costs are eating into earnings.
Still bullish on the company. It generates enough cash flow it should be able to get debt levels down even in this environment. However, there is no doubt financing costs are eating away at earnings over the short term.
We will have a brand new report out on Jamieson over the weekend.