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Wednesday, July 21, 2010

Armanino

Some months ago, I posted about investing in Armanino Foods of Distinction (symbol AMNF.PK). The company just announced its earning for the last quarter, and it had its highest revenue and earning ever. This company provides steady growth of profits and revenues. It pays a healthy dividend (over 6% at the current time without considering the frequent bonus dividends paid by Armanino.) It is at the end of a long arc of selling products to new customers. Assuming that this goes as well as expected, the growth in both sales and profits should continue over the next year. Meanwhile, some day there will be a large company that decides to buy this gem at a substantial mark up over where it is now. I have a substantial position in the stock already, but I am considering buying more.

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