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As Amigo Mike predicted in July, AMNF reported

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31set   Tuesday, 10/16/18 02:12:01 PM
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As Amigo Mike predicted in July, AMNF reported a 3Q 2018 somewhat softer than the company's all time record breaking performance in Q2 2018. Q2 may have been helped in part by customers stocking up on product prior to AMNF raising prices, causing a bit of a subsequent letdown in Q3.

Nevertheless, Q3 2018 was still the company's second best quarter ever. Sales were up 7% and operating income before taxes was up 12% over Q3 2017. Q3 net operating income after taxes was up a stellar 36% YoY, no doubt helped along by the reduction in federal corporate income tax rates that became effective in 2018.

Overall, Q3 2018 was another very solid quarter for AMNF. The company continues to invest in efforts to expand production capacity and efficiency, some of which should be in place near the end of this year or soon after. New products are being developed and digital marketing efforts are being improved. Management reports that the company continues to enjoy a very strong cash position.

Still wish AMNF would find a way to broaden geographical product distribution. As far as I know, AMNF's products remain unavailable in my region. Very happy with the performance of AMNF's stock, though! Looking look forward to collecting another nice dividend on October 26th.

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