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Microcap & Penny Stocks : AMNF (Armanino Foods of Distinction)
AMNF 10.20+0.5%9:30 AM EST
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From: E_K_S5/28/2022 11:07:07 AM
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RE: AMNF large move on 5K sell block

This is a thinly traded stock and any large seller (was that you BOB?) really moves the price. I always keep a stink bid out there around $3.21/share as I see that as a really good price to add shares (div 3.7%) w/ growth.

You do have to pay the OTC $6.95 fees but still not bad if you buy in 500 share chunks.

Somebody yesterday sold 5K shares which took the stock down to $3.15/share, close to a 8% drop. Then only another 1000 shares brought the stock back to unchanged. I see at the close, another 5K shares were bought to end the day w/ a 0.88% gain.

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The key metric I will be watching are the food input costs and the transportation/distribution costs. Both of these will impact margins and not sure if they have the pricing power to recoup those costs in higher prices.

FCF still looks very good for 12/2021 (from barchart.com) and 3/30/2022 the company reported the Highest Quarterly & Annual Net Sales Ever.

Labor and supply shortages; inflation; and logistical challenges had a significant impact on our cost of goods. As a result, additional measures have been put in place to further mitigate risks and reduce costs moving forward.
I trust management even in these tough times.
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