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Armanino Foods of Dist. (ARMF) Message Board

  • vickersviscount vickersviscount Mar 14, 2005 6:52 PM Flag

    My 2 cents. . .

    I am planning on holding my shares, and probably buy some additional in a day or so, now that the dividend yield is above 7%. As always, my advice to any investor is to never have more than 10% (I do 5%) of any stock/bond in one company. If you have a large portfolio as I have (over 48 companies), then you can afford to take some risk here. The upside - strong balance sheet, good solid products, and a long history of dividends. The downside - small company, not much recent growth, and a fairly "illiquid" stock. . .(by that I mean usually trades less than 5000 shares a day. . .may be hard to sell a lot of shares in a hurry).

    If you have a large portfolio, it is hard to pass up 7% (taxed at 15%) in this day and age. BTW - staying public means that the 41% of insiders get a dividend taxed at 15%. . .it is in THEIR best interest to stay public and pay "qualified" dividends.