Agreed - almost seems like it benefits from flights to safety when the market slips. It touched $9.98 today and has to be from share buybacks. Can't think of any other reason for this kind of run.

$10.00!

Honestly never thought I'd see $10. Figured they'd get bought out before that point but thrilled to still own and collect the dividends while enjoying this kind of price appreciation. The valuation is certainly elevated but I still think the share buybacks are going to keep driving that for a minute.

Divy increase announced today. Up 25% to $0.05 from $0.04.

My prediction of $10 within the next couple of quarters was too conservative, obviously.

People who went to their shareholders meeting reported the following things:

--Reaching capacity on production so will have to spend CapEx to increase capacity.
--Margins have increased from 18% to 32% over the past few years.
--See lots of opportunity for international expansion.
--Working hard on compliance/accounting tasks to uplist in the next 2-3 years.

Thanks for the notes - that all seems reasonable and consistent with the previous trajectory. Amazing to have a yield on cost above 30%!

Jeff99 said:

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Divy increase announced today. Up 25% to $0.05 from $0.04.

My prediction of $10 within the next couple of quarters was too conservative, obviously.

People who went to their shareholders meeting reported the following things:

--Reaching capacity on production so will have to spend CapEx to increase capacity.
--Margins have increased from 18% to 32% over the past few years.
--See lots of opportunity for international expansion.
--Working hard on compliance/accounting tasks to uplist in the next 2-3 years.

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That all seems like good news, for sure. This seems like a company that would favor conservative growth vs. huge strike-while-the-iron's-hot capital investments, so I respect the keeping growth and margin expansion in sync. Relisting on a larger exchange is probably a positive for me - maybe I can finally start writing some covered calls on AMNF! I'm not saying I don't believe in their future prospects, but there's money to be made with regular call-writing on a stock like this.

I would definitely write covered calls on this stock, if I had the ability to do so.

Wish I had invested more heavily in this when it was under a dollar, or anywhere along the way. Disappointed that my broker (ETrade) stopped letting dividends get reinvested for whatever reason. But I purchased a small increase in my position a few weeks ago. Not much, but still got to take advantage of some of this run up.

Up almost 3% today, sitting at an all-time high of $11.60/share. At risk of jinxing it, I'm nearing a 10-bagger on this bad boy (up 935% since purchase). Thoughts moving forward?

I wish they'd get on a real exchange so I could do a DRIP. Instead I just do my own every October.

It just keeps chugging along.

I assume at some point they'll be a candidate to be bought but until then I'm just hanging on.

I bleed maroon said:

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Up almost 3% today, sitting at an all-time high of $11.60/share. At risk of jinxing it, I'm nearing a 10-bagger on this bad boy (up 935% since purchase). Thoughts moving forward?

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Who wants to tell him?

flashplayer said:

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I bleed maroon said:

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Up almost 3% today, sitting at an all-time high of $11.60/share. At risk of jinxing it, I'm nearing a 10-bagger on this bad boy (up 935% since purchase). Thoughts moving forward?

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Who wants to tell him?

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?

Ok fine I will do it. 900% is a ten bagger.

flashplayer said:

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Ok fine I will do it. 900% is a ten bagger.

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Talk to Peter Lynch - he coined it (10x is a ten bagger according to him).

Math nerd.

I bleed maroon said:

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Up almost 3% today, sitting at an all-time high of $11.60/share. At risk of jinxing it, I'm nearing a 10-bagger on this bad boy (up 935% since purchase). Thoughts moving forward?

---

I'm happy to see this one doing so well. I still have my shares. My first buy on this stock was in 2010 when it was $0.47/share. My cost basis is about $0.68.

I'm not exactly sure what to think of what this stock has done recently. I'm happy as an owner, but I really didn't think it would get past $10 at year-end. I feel like the P/E ratio is a little high. I'm not planning to sell, but not planning to buy, either. I'm just going to keep enjoying the dividends that roll and try to work on ways to mitigate the tax hit of selling in the next couple of years.

As time passes, this stock looks more and more like it wants to get acquired by a larger player in the food production/distribution business. For a long time, this stock was very closely held by family members and they enjoyed the dividends this company threw off. Family holdings of the stock become less and less dominant as the years pass by. They've gotten really good at reducing costs and increasing efficiencies with automation, but I think increasing their geographic footprint for sales is going to become increasingly more capital-intensive.

Still, I do think it's notable that they have engaged an investor relations group. I think they broadcast this move as a signal that they're moving towards uplisting in the near future. If it was an easier name to trade, it would become an institutional investor darling given how the firm is run. Also, in the mean time, they'll keep doing share buybacks that will just continue to brace the stock price.