Armanino Foods of Distinction Inc (AMNF)

[31set]

AMNF smashing it again in Q4 2017! Record sales up 12%, net income from continuing operations before taxes up 15%, net income including one-time gains up 53%.

More good news to come in 2018 as well. Federal tax rate drops from 34% to 21% in 2018. New plant completed in 2017 enables push into new markets. Strong cash position enabling more promotional efforts. Domestic pipeline is strong.

Negatives? Asian markets remain weak. Management didn't mention it, but I've read recently that California might increase state corporate taxes to take about half of the recent federal corporate tax reduction away. Don't know what the status of that possibility is.