Yes, ARMF looks like a good LT buy. This may sound silly, but I've been eating their raviolis for over a year, and they're great. Whenever I go to the supermarket, they're sold out.
Without loss from subsidiaries, ARMF can make $0.15 over 12 months in the near future, and their expansion into Asia Pacific region looks promising.
Current ratio is 10:1, if you don't count the $300,000 Wells Fargo revolver outstanding, since ARMF won't have to pay it back this year.
New equipment/products kicking in this Q, thereafter, absorption of new hires bodes well for forward EPS. ROE can be 10% and up going forward, as volume picks up on new manufacturing line. Book value per share is about $0.90 as of end 97Q1.
Company is down the road from me, in Hayward, CA. Think I'll call Bill Armanino, and visit HQ, 15 minutes away.
Nice to see others on SI following ARMF.
Ciao! |
