I have been trying to find the next beverage stock that can make good grounds. came across this stock, AMNF.pk. dont know much about it except that it is a canadian beverage company, with some goood US distribution deals and excellent growth potential. Can anyone with background on selecting good summer plays comment on this pick?
Thanks!
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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Results For The First Quarter Ended March 31, 2006 (Unaudited)
(2005 versus 2006)
Net Sales 2005: $3,129,268 2006: $3,732,017
Income From Cont. Operations Before Taxes 2005: $34,863 2006: $216,978
Net Income 2005: $24,753 2006: $172,357
Results for Twelve Months Ended 12/31/05 (Unaudited)
(2004 versus 2005)
Net Sales
2004 $13,138,264 2005: $14,780,548
Income From Cont. Operations Before Taxes
2004: $385,602 2005: $1,073,653
Net Income
2004: $315,295 2005: $647,973
November 7, 2005
Armanino Foods of Distinction, Inc. (Pink Sheets Symbol: ARMF) announced that at its Annual Meeting of Shareholders held on November 3, 2005 the Company's incumbent board of directors was re-elected and the proposal to effect a 1-for-300 reverse stock split followed by a 1,500-for-1 forward stock split was approved. The effective time for the reverse/forward split will be after the close of business on November 17, 2005.
March 1
The year-end results, the company said, benefited from a very strong fourth quarter of 2005, in which sales rose 20% from $3,433,016 in the same period the year before to $4,145,308 in the last quarter of 2005. As a result, net income for the fourth quarter rose 208%, from $78,915 in 2004 to $243,778 in 2005, and EPS for the quarter, from zero in 2004 to a penny for the last quarter of 2005.
Net income for the full year more than doubled, from $315,295 the prior year to $647,973 in 2005. As a consequence, earnings per share likewise rose by 102% from 2 cents fully diluted in 2004 to 4 cents for 2005.
April 25
The company said that for the three months ending March 31st, 2006, sales rose from $3,129,268 in the same period last year to $3,732,017 in the current quarter.
In the same period, net income after taxes almost sextupled, from $24,753 in 2005 to $172,357 this year. This was an actual percentage increase of 596%.
May 11
Shoppers in eight Western states can now pick up their favorite Armanino Foods of Distinction Italian delicacies in more than a thousand Albertson's supermarkets.
posted
I asked someone to comment, not to spoon feed me as to weather I should buy or not buy the stock. I know how to make those decisions.. lol.. and I mentioned beverage because it was mentioned in ******************. anyways, thanks for the DD. I had seen those things you had mentioned. Increased volume is good for this stock. The thing that caught my attention was probably, they are about to announce their financials very soon. so since the previous financials was extremely good, probably, some are expecting better financials and run. this caught my attention only because of the spike. but the spike can be explained in the chart. since it is gaining support/bounce from the 50 day moving average probably. there are people who look just for those crossings and when they see those, surge in volume comes. it might not surprise you if I mention plays like MGEN 2nd days play, or flwe run after it reached 0.25 range purely for the same reason.
Anyways, more comments welcomed. FWIW, I still have no position in this stock, but shall take position once RSI drops to manageable levels.
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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posted
I am not giving my "professional opinion" on this stock. most of the time i pick stocks based on charts, not on momentum or pr, because i dont know when to sell if its not written in charts. infact, I am looking at someone providing insight, as I am not good at picking low volume stock whose charts show really sparse trades and dont reveal much info. the only thing this chart reveals is bullish trend. hope someone, who knows how to play low volume stock provides little insight!
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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posted
Here at Allstocks we have high expectations of all participants.
If you are to fit in, you must raise your personal bar and provide well founded, objective opinion. A single mistake like not knowing what product a company sells reduces your credibility to zero.
Bottom line, your research is unacceptable.
This company has a moderate degree of potential.
Financials are acceptable. AMNF is providing financial reports through pink sheets which suggests AMNF is playing this straight. Readers can only accept this data on face value.
A lack of recent SEC filings is neutral. Today this is common to save accounting costs. Many companies are moving to pink sheets, as is expected and the norm.
This prior AMNF reverse / forward split is a strong negative. This tactic is used to knock share holders out. In a sense, this a legal defrauding of share holders. This casts management in poor light.
No pump and dump scam sites are involved. This is a good positive; true value is displayed. This is discovered not by what is found but rather by what is not found.
This recent one day spike of ten cents per share is a strong red flag. This is suggestive of a Lost Leader fraud being attempted. This is affirmed by low volume but a significant spike in prices. There is no news nor other information which provides a basis for this spike.
Further adding to evidence of a Loss Leader scam is today's volume is more than four times the average daily, yet low enough to suggest this Loss Leader scam failed, as did two others being presented here at Allstocks, this week.
Action tomorrow will disclose if this is a Loss Leader or insider anticipation of release of good news. I am betting Loss Leader.
Anticipation of a quarter report. No, this is not due for a period of time; thirty days. A spike, up or down, due to a pending quarter report will appear one to two weeks before the anticipated release date.
Low volume is a strong negative. Readers can buy this stock but will have great difficulty selling this stock at a chosen time. Low volume also indicates a lack of interest amongst traders. Average volume is only six-thousand shares per day.
What else does your research disclose?
Again, if you are to fit in here at Allstocks you must work on providing quality information and quality opinion.
posted
Incidently, did you drive over to Albertson's to check on displays, to check on stocking to ascertain some notion if AMNF products are popular with customers?
Eye level products are the best sellers. Those which display less stock quantity than other similar products, are more popular.
quote:Originally posted by Purl Gurl: Again, if you are to fit in here at Allstocks you must work on providing quality information and quality opinion.
Anything less will prompt firm but fair critique.
Purl Gurl
thx for insight.. i shall look at buys/sells of today to check about any irregular selling/buying patterns. regarding trying to fit in with allstock crowd, i would not want to do that, and do not consider myself an amazing trader, or an excellent stock analyst. my analysis rudimentary at best and I would not want people to buy/sell based on my posts. I post based on what i see and it really doesnt matter as I know lot of people here are smart enough to read through the pumps if anybody does pump. having said that, I shall look for tomorrow to see if momentum continues. based on chart, tomorrow it should atleast touch 0.8, befor eit runs anywhere, else it would just cover gap at 0.85 and then might just have another small run, before rsi reaching dangerous levels.
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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quote:Originally posted by Purl Gurl: Incidently, did you drive over to Albertson's to check on displays, to check on stocking to ascertain some notion if AMNF products are popular with customers? Purl Gurl
we dont have albertsons in VA. but i will see if they have website up. i am not sure this amnf is that big that its products would be amazingly popular but i might be totally wrong..
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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posted
hehe purl.. i understand what you are saying.. just that I felt confident based on what i read about the company. charts since begining of this year, and mid last year, dont show pattern of dilution, which was again good. saw the forward split and adjusted divident news, this was good since the stock actually pays decent divident, any divident is good .. and the industry in general is good and their previous quarter was excellent. so most of my criteria of long term hold of stock were satisfied. it might at best double in coming 6 months IMO, but who knows. anyways, i know you genuinely try tohelp ost of the times, so dont think i am taking your posts negatively! my only concern is with low volume. lets see...
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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