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  • Recent Buy: Armanino Foods Of Distinction, Inc. [View article]
    I've been long Armanino for several years as well and am a very happy shareholder. I love to see higher volume days like today with the upward price movement. The company has great fundamentals and really just chugs along. I expect one morning to wake up to news of an acquisition which would be immediately accretive to a larger player's bottom line. Until that time I'll sit back, collect the dividends, and let management do their jobs.

    Re: the large exposure to certain distributors: AMNF has commented on this before... management has not been overly concerned because other distributors would step in or they'd simply do it themselves. From the annual report:

    "The loss of distributors who represent a significant amount of sales could have a
    materially adverse effect on the business of the Company. However, the
    Company believes that once distributors have established accounts with
    customers such as supermarket chains, the termination of a distributor will not generally affect sales to such customers when another distributor serving the area is available, or the Company is able to take over marketing responsibilities."
    Sep 25, 2014. 01:33 PM | 2 Likes Like |Link to Comment
  • Armanino Foods - A Microcap That Meets Buffett Criteria [View article]
    I'd argue that they also have strong potential to grow into their multiple (which in fairness has been on a tear lately) either via organic growth or via an acquisition. Unlike the vast majority of the "market" whose multiples are inflating based solely on money printing by the toxic Federal Reserve.
    Oct 23, 2013. 02:54 PM | Likes Like |Link to Comment
  • Armanino Foods - A Microcap That Meets Buffett Criteria [View article]
    AMNF is a gem! Have been long for several years now.
    Oct 21, 2013. 02:54 PM | 3 Likes Like |Link to Comment
  • German finmin Wolfgang Schaeuble rejects speculation that Spain is about to request that the eurozone's bailout fund buy its bonds. While the country's high interest rates are "painful," it is "not the end of the world if you have to pay a few percent more at a few bond auctions," Schaeuble told the Welt am Sonntag newspaper.  [View news story]
    The EMU is fixed! Nein. The EMU is fixed! Nein. The EMU is fixed! Nein. The EMU is fixed! Nein. The EMU is fixed! Nein. The EMU is fixed! Nein.

    Ad absurdum.

    What's even more absurd is the tools in the market that rally on this nonsense.
    Jul 29, 2012. 11:25 AM | 7 Likes Like |Link to Comment
  • IMF Kills Aid To Greece: A Greek Default Is Europe's Day Of Reckoning [View article]
    To echo the comments above, to see a Greece exit as anything other than the beginning of the end of the Euro Zone is incredibly myopic. At which point it will quickly become known that those bastions of "safety" in the rest of the debt laden world are also wearing no clothes. This is what you get when central banks play god.
    Jul 23, 2012. 05:41 AM | 1 Like Like |Link to Comment
  • Friday's Fabulous Rally Finish: All Downhill From Here? [View article]
    The real tragedy in various commentary is the red-team blue-team verbal diarrhea. They are one in the same. Stop playing into their games.
    Jul 23, 2012. 12:48 AM | 1 Like Like |Link to Comment
  • Barclays (BCS) COO Jerry del Missier joins CEO Bob Diamond, and resigns in wake of the Libor scandal. Statement.  [View news story]
    No offense but "only hope the US gov."??! Who do you think is ring-leading this insanity?

    The interest rate markets are rigged. So the Pandora's Box of all markets being rigged has now been wistfully opened.

    Get your money out of this casino, folks. Talk to your financially illiterate relatives and friends and tell them to get the hell out!

    The only "hope" that could emerge from this is that of an informed electorate which doesn't cheer for the red team or the blue team. Wake up, folks!
    Jul 3, 2012. 11:15 PM | Likes Like |Link to Comment
  • Market fears may be reaching a crescendo, which, to contrarians at least, may wind up being good for stocks over the long run. In the most recent consumer confidence survey, the percentage of those who believe stock prices are going to fall shot up from 32.4% to 42.6%. This surge of pessimism is just what's needed, says Bespoke's Nadav Baum. "We're stuck in a trading range ... You need to get that pessimism on the retail side to get the market to break out."  [View news story]
    Except equity outflows from retail has been almost constant for weeks now. You know, right about when Barron's was calling for Dow 28381k, Goldman was busy conjuring up witticisms like "Stocks: The Long Good Buy" and "green shoots" and "the rally" were all the rage. Remember way back all those _weeks_ ago?

    If it's bullish it's bullish and if it's bearish it's bullish because it's contrarian. Courtesy of a central bank near you, when the market trades idiosyncratic, it's a casino, when the market trades macro, it's a casino. Screw bearish, screw bullish, how about "realistic" for a change?

    Oh wait, I forgot: economic reality has no place in a ponziconomy.
    Jun 26, 2012. 07:58 PM | 17 Likes Like |Link to Comment
  • (CRM) is acquiring Thinkfuse, a developer of software for processing and sending out status reports. The purchase is the latest in a string of large and small acquisitions for Salesforce, as it evolves from being a mere sales-force automation software provider into an front-end application software giant.  [View news story]
    I think this was a misprint. Looks like this should read:
    " it tries to evolve from being a mere sales-force automation money losing software provider into an front-end application software money losing giant."
    Jun 25, 2012. 11:08 PM | Likes Like |Link to Comment
  • Robert Shiller backs a proposal from Cornell's Robert Hockett for local or federal governments to seize underwater mortgages, pay them off at fair value with money from new investors, and issue new loans with smaller balances to the homeowners, who would then be less likely to default.  [View news story]
    Pure nonsense.

    The value of the home _is_ the collateral backing up these bits of paper debt. That value has, in many cases, been completely eviscerated.

    The only thing mythical about mark-to-market is how we don't do it anymore and instead simply mark-to-unicorns that nothing has happened since the ponzi began to collapse in 2008/9.

    That said, I agree, this plan is more crap on top of crap.
    Jun 24, 2012. 01:58 PM | 3 Likes Like |Link to Comment
  • With the Greek elections behind us and low expectations for the coming G-20 meeting in Mexico, the start of the Fed's two-day meeting is all that's keeping stocks afloat right now, observes Miller Tabak's Peter Boockvar. "Fundamentally, the market belongs much lower," Boockvar says, but everybody thinks the Fed "will pull something else out of its hat.”  [View news story]
    There's a simple solution to that. STOP the central bank intervention. I'd love to let the chips fall where they may and watch these hopium induced "rallies" evaporate.
    Jun 18, 2012. 11:38 PM | Likes Like |Link to Comment
  • Coming Week Market Movers: Spain And 3 Other Sources Of Panic [View article]
    Excellent article extolling the illusory nature of this new, shiny ponziconomy bailout.
    Jun 10, 2012. 03:31 PM | 2 Likes Like |Link to Comment
  • Spain will ask for an EU bailout, but not until private-sector audits of its banks (expected by June 21) give a better idea of the amount of capital necessary, according to several sources with knowledge of the just-completed conference call. IMF number-crunchers say the amount will be between €40-80B. El Mundo reports the rescue will come without conditions.  [View news story]
    New cup! Move down!
    Jun 9, 2012. 01:35 PM | Likes Like |Link to Comment
  • After a crushing month (and a day) for the market and with a weakening U.S. economy, the calls come for more Fed ease. Trouble is, how much more can the central bank do? Even dovish members have signaled they are not ready for more QE, but - with inflation fear morphing into deflation fear - it may seem a little more palatable.  [View news story]

    I'm pretty sure The Geoffster's comment is dripping with sarcasm.
    Jun 2, 2012. 01:13 PM | 11 Likes Like |Link to Comment
  • 5 Little-Known Dividend Stocks With Recent Increases [View article]
    AMNF is indeed underfollowed and, in my opinion, a great buy at current prices. I have been long for over two years now and continue to add to my position as it is a classic growth story with excellent, conservative management and remarkable potential for expansion.
    May 28, 2012. 04:50 PM | 1 Like Like |Link to Comment