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Armanino Foods of Distinction Inc. Message Board

  • wrb335 wrb335 May 15, 2014 1:38 PM Flag

    Nice bid out there

    A big buyer is back. 18k shares at 1.77- always nice to see that.

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    • The bid may be due to the filing of the Q1 Disclosure Report today. Here are a few highlights.

      Cost of Goods Sold was down 1% compared to Q1 last year (p.26).

      Cash and cash equivalents were way up compared to 3/31/13:

      .$ 2,847,854 as of 3/31/14 compared to $1,509,869. as of 3/31/13 (p.14)

      International Sales rose to 14% of sales in Q1, compared to 10% a year ago and international sales were reported as strong in Q1.

      The sales pipeline and cash position "currently remain strong".

      I see no negatives at all in the report.

      It is nice to see that even though there is a very large bid .02 above yesterday's close, nobody is biting. Perhaps the tide is turning. We can only hope.

1.82-0.01(-0.55%)Aug 22 12:26 PMEDT

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