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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (48834)	8/15/2012 1:24:33 PM
From: E_K_S	Respond to of 78748

Armanino Foods of Distinction Inc. (AMNF) - Reducing position as stock hits new all time highs Peeled off a few more shares @ $0.90. Their full financials are now posted on their Web site. QUARTERLY DISCLOSURE REPORT JUNE 30, 2012 Results of Operations: Net sales for the quarter ending June 30, 2012 has increased by 13% to $7,097,885 from $6,290,645 in the same quarter last year. On a year to date basis, net sales increased by $1,626,384, or by 13%, from $12,155,115 on June 30, 2011, to $13,781,499 this year. These increases reflect higher demand in the Company’s core products, an increase in its customer base, and higher international sales. What has impressed me is they are now obtaining 17% of their sales in Asia. During the three months ending June 30, 2012 and 2011 Asian sales amounted to 17% and 11% of the Company’s total gross sales, respectively. For the six months ended Sales into Asia represented 15% and 9%. That's a pretty good growth market for them. AMNF is my smallest CAP stock but still holds a position in the top quartile in the portfolio (23rd out of 80). Forward PE around 10. Dividend now 4% w/ potential of special dividend too. EKS