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Microcap & Penny Stocks : AMNF (Armanino Foods of Distinction) -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (68)	2/14/2020 1:45:30 PM
From: E_K_S	Read Replies (1) \| Respond to of 266

No on Div Payout Ratio but I was quite surprised the Net Income that made it to the bottom line. They must be running a pretty efficient organization and keeping SG&A in line. My other food stocks have seen thinner margins and in a bunch of them; BGS, KHC, CAG & GIS Then this today on KHC: Kraft Heinz falls to junk status at Fitch Ratings Feb. 14, 2020 9:49 AM ET\|About: The Kraft Heinz Company (KHC)\|By: Clark Schultz, SA News Editor Fitch Ratings lowers its long-term default rating on Kraft Heinz ( KHC -2.1%) to BB+ from BBB-, while setting a Stable outlook. The BB level at Fitch is non-investment grade (junk). Fitch notes that Kraft's decision to maintain its annual dividend of $1.60 per share removed a near term deleveraging option. "The downgrade reflects Fitch's view that Kraft's leverage will remain elevated above 4x for a prolonged period due to ongoing EBITDA challenges and limited near term debt reduction potential. Following Kraft's commentary around 2020 operating headwinds which would suggest a nearly 8% EBITDA decline and its commitment to maintain its dividend as announced Feb. 13, 2020, Fitch estimates the company may need to divest up to 20% of its projected 2020 EBITDA to support debt reduction necessary to reduce leverage to below 4.0x versus 2019 leverage of 4.8x." ----------------------------------------------------------------------- This from the AMNF report Our margins remain healthy thanks to operational efficiencies that we are realizing as a result of prior years’ investments in our plant operations. Our cash position remains strong, and we are paying down our debt according to schedule So AMNF has little debt when you look at these larger food companies, even the small BGS. That's a huge plus, so at PE 16, maybe they get some PE expansion for that.