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Armanino Foods of Distinction Inc. Message Board

  • sixers sixers Oct 19, 2012 11:20 AM Flag

    Earnings

    Records across the board.

    http://finance.yahoo.com/news/armanino-foods-distinction-inc-announces-150000998.html

    bob

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    • Woot Woot!!, they are rocking it. Steady at the helm, sailing in a warm breeze in the morning sun. All good here!

      Sentiment: Strong Buy

      • 1 Reply to mz_lifer
      • mz_lifer: the part I like is the strong earnings base that appears to be there of at least 2.5 cents per quarter NET INCOME. That is $.10 per year! - to say it another way, that is about $3.2 million per year. I would expect that the next dividend will be $.014 - $.015 per quarter - with a possible extra late next year. Also, some more share buy-backs might be in the works.

        looking at the 2nd quarter balance sheet I saw that current receivables (alone) exceeded total short term liabilities, and they had $1million in a CD and another $1.14 million in cash! Even after paying out this divi and extra next week, their cash position should be pretty good.

        Does indeed look pretty good

 
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