SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: rllee who wrote (46539)7/19/2012 12:26:13 PM
From: E_K_S  Read Replies (1) of 78746
 
Armanino Foods of Distinction Inc. (AMNF)

Stock trading 4x it's average daily volume.

Armanino Foods of Distinction, Inc. Reports Highest Quarterly Sales, Profits and Earnings Per Share in Its History
goo.gl
Armanino Foods of Distinction, Inc. (OTC Pink Sheets Symbol: AMNF) today reported its highest quarterly sales, profits and earnings per share in the Company’s history. Year to date results for sales, profits and earnings per share are also Company records.Net sales for the second quarter of 2012 were $7,097,885 as compared to $6,290,645 for Q2 2011, an increase of 13%.Income from continuing operations before taxes for the second quarter of 2012 was $1,304,763 compared to $1,088,307 for the same quarter in 2011, an increase of 20%. Earnings per share for the second quarter of 2012 were $0.025 as opposed to $0.020 for the second quarter of 2011, an increase of 25%.


Edmond J. Pera, President and CEO of Armanino Foods, said, “International sales in the second quarter were especially strong contributing to the sales increase.”Pera continued, “We expect our margins to remain healthy for the remainder of this year thanks to raw materials pricing contracts that we have in place through the end of 2012. As usual, we will closely monitor the outlook of our material costs so that we can manage our margins appropriately. We currently do not have any plans to raise our selling prices and plan to use this pricing strategy to try and increase our market share. We continue to see a greater consumer awareness of pesto sauces in the market place which in our opinion could lead to overall market expansion.”
The company keeps producing higher results every quarter as they expand their operation throughout the U.S. and now Internationally (in a limited approach) It's a slow and steady approach limited to their plant capacity and not over promising product that can not be delivered in quantity and quality.

FWIW, I still plan to peel of some shares at $0.90 or higher.

EKS
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext