Hidden Gem: Armanino Foods of Distinction
Introduction
In the vast ocean of stocks, there exists a lesser-known gem that has quietly outperformed the market. Meet Armanino Foods of Distinction ($AMNF), a company that specializes in delectable frozen food products. While it might not be a household name, its financial performance speaks volumes. Let’s dive into why Armanino Foods deserves your attention as a long-term investment.
The Basics
- Company Overview: Armanino Foods of Distinction has been serving up deliciousness since 1978. Their product lineup includes gourmet beef, Italian-style beef and pork, smoked turkey meatballs, grated parmesan, and a variety of pesto sauces. Not to mention their mouthwatering frozen pasta offerings.
- Profitability: Unlike many penny stocks, Armanino Foods isn’t a speculative gamble. It’s a small but mighty company that has consistently turned a profit over the decades. In fact, it has consistently outperformed the S&P 500.
Why Invest in Armanino Foods?
- Impressive Returns: Over the past 10 years, Armanino Foods of Distinction has delivered an average annual total return of 16.35%, surpassing the S&P 500 by over 4%. That’s no small feat for a company of its size.
- Dividends That Grow: Most penny stocks don’t pay dividends, but Armanino Foods is an exception. With a starting dividend yield of 2.48%, it’s already attractive. But what’s even better? The company recently announced a special dividend of $0.10 per share. Plus, they’ve consistently increased their dividend at an impressive 5-year compound annual growth rate of 7.90%.
- Share Price and Accessibility: Armanino Foods is currently trading at an all-time high in terms of share price. However, don’t let that scare you away. The price-to-earnings ratio of 21.88 is still reasonable, especially when compared to the broader market. And here’s the kicker: you can snag 100 shares of this market-beating stock for under $600.
A Clever Way to Buy
- Credit Card Rewards: Yes, you read that right. Armanino Foods of Distinction’s low share price makes it an ideal candidate for using credit card reward points. Back in the day, I used my Discover It card’s cash-back rewards to buy shares of Armanino Foods every month. It’s a smart strategy to accumulate stock “on the house.”
Conclusion
Armanino Foods of Distinction is more than just a penny stock; it’s a hidden gem that consistently beats the market. However, remember that this article is for entertainment purposes only. Always conduct your own research before making any investment decisions. Bon appétit! ??️
Disclaimer: This article is not financial advice. Always do your due diligence and consult with a professional financial advisor before investing