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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (59754)8/17/2017 6:42:51 PM
From: E_K_S1 Recommendation

Recommended By
bruwin

  Read Replies (3) of 78742
 
Re: A Penny Stock that built value - Armanino Foods of Distinction, Inc. (AMNF) my 7 year hold since 2010

This was one I started buying in 10/27/2010 based on Lazarus review. He brought it to this board and I was skeptical but after reviewing their history (I think over 10 years in business before my first Buy). During that time they always paid a dividend too. This is/was and continues to be a family run business.

I own 10,500 shares w/ an avg cost of $0.68/share. Only a 3 bagger but for me it's the 3.6% dividend which makes up my largest position in my Ag/Food basket.

It's still undervalued simply because these small cap stocks get over looked by other investors and typically are thinly traded and it's difficult to trade in size.

7 years and i still like the company, their management and quarter over quarter performance. YoY growth is consistent too and management has always paid their dividend.

I have peeled off maybe 20% of my high cost shares over the years but in hindsight, should have just held.

USNU may be another one of these diamonds in the rough, but I have yet to step up and buy shares in size but have read their 10Q and 10K's now for over 18 months. They even weathered a flood that took out one of their facilities and still managed to keep the company profitable/BV positive over the long term (they did have insurance from that weather disaster).

Good Investing and hunting for that multi-bagger penny stock.

EKS
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