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Strategies & Market Trends : Dividend Investing

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To: Marc Fortier who wrote (153)	1/6/2002 7:43:51 PM
From: morokko65	Read Replies (1) of 387

ARMF has 2.8MM cash, or .87 per share Book value is $2.76. Company has been public since 1989/1990, but the family has been in the business since the 1940s or 1950s (I think...) CEO was affiliated with McCormick Shilling. Some folks at PSTA also from McCormick. Most shareholders are family, employees & friends thereof. Shareholder meetings held in May have about 20-25 people, including the BOD. Frank Sinatra, Pia Zadora Annette Funicello, etc were all shareholders in the early 1990s. Look at a 10+ year chart on Yahoo. Most of them dumped shares shortly after the IPO and it has been a slow road back. They made Sinatra pasta sauce which sold at Safeway and generated a lot of initial press, but flopped within a year or so (1991 or so). They are primarily a wholesale business. Two ventures into retail failed (Sinatra sauce & a restaurant concept in 1997). Stock price moves somewhat erratically, many low volume days. Not a recommendation to buy or sell, but worth investigating. I am long approximately 5000 shares. Regards from another Marc

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