Today’s Stock: Armanino Foods of Distinction Inc.

They produce and market frozen food products in the United States. The company offers gourmet beef, Italian style beef, and other food staples.

I can’t recall how I came across this company, but I initially invested in some shares because I sought a dividend-paying food company with growth potential. Surprisingly, it has turned out to be a fantastic investment, with my initial investment now up by 94%. However, I’m curious to know if it remains a good buy at today’s price. At 12.6k sats ($91,809), the company has a PE ratio of 21, which makes it reasonably priced. Additionally, they offer a 174 sat dividend. To recoup your initial investment, it would take approximately 72 years. Despite this, the company has consistently grown its earnings at a 25% annual rate. While this growth rate is lower than Bitcoin’s anticipated growth, the stock still holds potential for further growth and dividend payouts. Moreover, investing in this company means contributing to a business that produces food, which is essential for our survival.

Looking at the fundamentals, this is a fantastic business. The market has rewarded it by increasing the stock price by almost 100% since April 2024.

I regret not buying more shares, but I’ve been buying Bitcoin instead (😎). Another thing to watch with this company is its ownership structure. No institutional investors own shares, so this stock has the potential to rise if Wall Street intervenes. However, the lack of data on my Simply Wall Street app is a bit concerning.

I need to do more research before making a significant investment, but overall, this is another solid business that pays a dividend. I need to start buying more shares of this great food company.