The real question is why is the company accumulating cash. They aren't paying big dividend increases. They just completed an expansion of the plant. They already have increased promotional expense. So what is coming? A purchase of some other company? A sale of the company that will be easier if AMNF has more cash? A major stock repurchase? We just don't know, but we can be sure it is something!
It's worth noting that the company posted its third quarter detailed financial report on the website. The big news in the filing is that management confirms that sales are running nicely ahead of last year both overall and in the Asian markets. Since the report speaks as of a time more than halfway through the 4th quarter, it is a pretty good indicator that AMNF ought to be returning to good YOY growth after one quarter that slowed down a bit.