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This stock was recently a hot pick on an internet forum. It is at a 52 week low. Has been profitable since 1992. Has 1.7 million in cash and outstanding current and quick ratios. It is down recently due to quarter to quarter drop in profits. I just bought in at 1 9/32. Is anyone else following this stock enough to provide additional info.
Armanino's revenue has once again been setting new revenue records.
The recent dividend has been raised to 2.5 cents quarterly (10 cents annually).
The intermediate high was set on September 4th 2018 at $2.94.
The yield on this solid little sleeper is in the 3.25 % plus range.
If you need a place to park extra cash and get a yield over 3.25 % - this is a dandy.
On big up days and big down days this stock retains its value and offers an above market dividend yield (at a favorable tax rate) with wonderful stability.
Management owns a substantial portion of this company, and thus they are extremely stockholder friendly.
Buy yourself some shares - throw then in a drawer and fuggetabout em.
You'll be glad you did!
Best of trades to all.
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