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AMNF been really doing well in last 3 months. Plant expansion done, may be poised for a great 2018.
A new article on AMNF, nice to see the good reviews. Years ago, virtually no one followed this stock.
http://seekingalpha.com/article/3973134-finding-best-dividend-growth-stock-market
Nice write up on AMNF over at seeking alpha today
http://seekingalpha.com/article/3966414-security-like-best-armanino-foods?source=feed_f
Solid earnings today, Sales over $9MM... looks like Ed Pera is keeping the train on the track. if they grow 10 this year, we should be at close to .14 EPS annually. at 18x that puts us at $2.49. Needs to get above $2.05-2.10 to retest highs
strong volume this week with a lot volatility, looks like big bets are being made one way or the other... volume tends to precede price on AMNF, so we shall see. Don't think AMNF would have made positive comments on 12/03 if Q4 was sideways growth, but always concerned that I see MY trade in the chart, not objectivity. $2.05 -$2.10 will be a big resistance point on the way up, followed by $2.20s
Still think they could see .15-16 a share this year and $2.65-2.85 on a divvy bump to .02 or better as vote of confidence
Weekly chart starting to look constructive for the first time in a while on AMNF. 40K shares yesterday and we appear to be forming a low. Last update was in the divvy announcement which re-iterated positive 4Q sales comments. dont know if this chart link will post:
http://stockcharts.com/h-sc/ui?s=AMNF&p=W&yr=3&mn=0&dy=0&id=p15289751322
Good call! $2.10 is next resistance... May take a little while to build a base as weak hands exit. Would like to see revenues in 2016 stay in the $9MM a quarter range and start seeing consistent eps of .035-.04 a quarter. That would support a divvy of .02-.022
Remember, this corrected 22% in 2014 and 21% in 2013... I think people got complacent that each quarter would always exceed expectations. Q3 2014 was tremendous, and a difficult comparison. They have a ton of cash and debt will be gone soon.
Maybe we get a special div due to all the cash; should know in 4-5 weeks
My only concern is that last year's stellar Q3 numbers are going to make a tough comparison for this year. The divvy bump was a good sign, but the small increase suggests a modest growth rate this time around. I hope I am wrong and they repeat last year's performance. Anyone chat with management in recent months?
Agree that this is a historical pattern with AMNF: volume accumulation on quick dips, followed by recovery within a short time, like what happened on 7/08/15
Amnf quietly breaking to new highs... They seem to continue to grow and keep good margins under the radar. Nice little gem of stability and divvy income. Would love for them to get a mention in the press outside of just blogs
Strong earnings today, that was accumulation not distribution in recent high volume days. We could see sales approach $40MM this year and eps of .14-.145. At p/e of 18-19, $2.55-2.75 very doable, imo. Plus Ed probably thinking of retiring, and his billionaire son can probably drum up a suitor with a 20% premium. Collect the divvy and get bought out around $3.25+ down the road
Analysis on amnf at seeking alpha: Armanino Foods Of Distinction: Growth With A Dose Of Dividends Yet Low Debt $AMNF
http://www.seekingalpha.com/article/3312875
Amnf broke to new 52 week high today at $2.40. Hopefully bodes well for earnings. Looking for .14+ for full year, stock may hit $2.65-$2.80 if revenues and earnings keep rolling along. May get divvy bump too
breaking out again, bodes well for decent Q2 and possible divvy increase sometime later this year. I read an article on how CEO Ed Pera's son is a tech billionaire. I wonder if that hasn't helped open a few doors to some of the institutional investors that have picked up AMNF in the last 2 years
Nice breakout on decent volume today... thinking this could presage a move to $2.40+-. Longer term revs should get to $40MM a year and earning could be .15/share. P/E has been around 18, so $2.70s maybe by year end. Merger/strategic partner takes this to $3 IMO, Ed Pera has done a great job in recent years
What did everyone think of Q4 earnings??
Seemed a little muted, but stock price activity has been firm, and there are now 4 institutional inventors with stakes in the firm
Lower gas prices helping restaurant business: http://www.calculatedriskblog.com/2015/01/restaurant-performance-index-shows_30.html?m=1
Should help amnf on transport costs and demand side from restaurant business. Restaurants in their home turf (NorCal) are jammed with people.
Guy over at yahoo board spoke with Ed Pera last week, feedback was positive.
New Institutional Holder for AMNF, larger stake than Bretton Fund
Rothschild Investment Corporation,
300,000 shares
0.94%
$612,000
Dec 31, 2014
Thinking a special divvy might get announced in December...
they seem likely to get to .145-.16/earnings per year by the end of 2015. with a P/E of 15-18x, that puts us at $2.18 low end, $2.88 upper end. Mid-point about $2.53
And that's with no real news coverage. This is followed on a few message boards and blogs only. A real blurb in the financial press or a merger gets it to $3 in my opinion.
happy to collect the dividend while I wait
Decent volume today on AMNF, that historically tends to presage pops in this stock. Looks like we should be on pace for .14-.15/share earning by mid to end of 2015. Thinking that $2.00 becomes support next year and we start moving up to the $2.35-2.65 range with P/E range of 16-18x earnings. I think eventually, they get bought out closer to 20x. Bretton fund's investment really help put them in front of a wider audience. would like to see other funds follow their lead.
Nice report out! they should be on target for .12-.125/share earnings this year. At a p/e of 18-20, this could be in the $2.20-2.30 range. Expect another divvy bump to .018 and a special maybe in december. Long on amnf for 26 years
Maybe that's a small sliver of daylight for the commons... easier path to a public stock and keeping the NOLs foe the new entity
Toronto exchange is the playground of naked short selling, and getting on the Toronto exchange was the kiss of death for firstgold. Socttie was out of his league with a whole different flavour of crook. I told that to FGOC's counsel in 2007-2008 era
A close above .0060-.0070 on high volume would be very constructive. let's see what develops on FGOCQ next week
Any value to the other Firstgold properties not included in the auction?
Don't the NOLs have a specific "shelf life"? I think a R/M could be done quickly now that the big questions of the secured creditors has been resolved
let 'er rip and see where the numbers fall, I have 500K shares, .015 is OK with me at this point, .025 would be B/E
Now we see what the shell is worth to folks like SELR for the NOLs, right?
maybe not much, but more than .0045
I would expect that to be due to a credible bid that was perceived by the Judge as beneficial to creditors (and by extension) shareholders
Let's see if this can break and hold .15, might set up a nice run to .18-.22 range
Like how price is holding steady, just need some volume to kick in and confirm a little confidence in FGOCQ