American Food Holdings, Inc. (AFHD)(PMDP)

[MWM]

American Food Co., Inc. Rated 'Speculative Buy,' Target Price $.40 by Beacon Equity Research
American Food Co., Inc. (OTC: AFHD) has been rated “Speculative Buy” with a target price of $.40 by Beacon Equity Research Analyst, Lisa Springer, CFA.

The full report is available at http://www.BeaconEquityResearch.com

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In the report, the analyst writes, “American Food Co., Inc manufactures and markets beef jerky and other snack foods under the “Reinhold & Timko Beef Snacks” brand name. The Company’s jerky product line includes items made from premium cuts of beef, chicken and turkey. American Food supplies products to more than 300 distributors across the US.”

“The Company is planning to expand its largely regional base of operations through the introduction of an outlet marketing division - Beef Jerky Outlet Corp. (BJO). BJO will play a pivotal role in its expansion plans by authorizing new franchisees and distributors.”

Other companies in the beef snack market include Frito Lay (NYSE: PEP), ConAgra Foods (NYSE: CAG) and Bridgford Foods Corp. (NASDAQ: BRID).