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Strategies & Market Trends : Value Investing

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To: Mr.Gogo who wrote (42094)	3/31/2011 3:44:25 PM
From: E_K_S	Read Replies (1) of 78530

Hi Mr. Gogo - Re: Armanino Foods of Distinction Inc. (AMNF.PK) I have never checked on who or what the company does regarding audited books but I have reviewed their entire report(s) and found them easy to understand, very conservative, and they appear to follow the overall management style in general. I believe one or more of the board member(s) is a CPA and one or more of the principals who prepares the reports is a CPA (and one may even be a general partner in a local CPA firm). I will have to make a mental note of the exact relationships next time I review their reports. The most current quarter is typically the slowest of the year and Q4 generally has the biggest growth. However, the company has landed some large regional (entire U.S.) distribution deals specifically with Cost Plus and Dot Foods ( dotfoods.com ). I expect to see the impact of these deals flow into their Q1 & Q2 sales. It will be interesting to see just how much they impact the total sales numbers. This link provides a company history and why the company now trades on the pink sheets. I think they wanted to reduce the complicated NASDAQ filing requirements and took this approach in 2005. hotstocked.com Again, this one is no fraud. I have visited their facility in Hayward, checked my local supermarket for their products and feel very comfortable that they really have $800K worth of CD's in their corporate bank account. EKS FWIW- I have been fooled before and no doubt I will be fooled again. I even remember many years ago a local disk drive company had put bricks inside their boxes on the pallets in their warehouse. It fooled the auditors for awhile then once it was discovered, the stock tanked (not sure if the company went BK). Oh, the CEO and top management were Asian and had ties in China. This happened in Milpitas Ca (Silicon Valley) sometime in the 90's.

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