AMNF - Armanino Foods: A Potential Takeover Target

• Armanino Foods of Distinction is a tiny small-cap producer of frozen Italian cuisine which was hit hard by the pandemic.
• The company possesses some remarkable financial discipline and acted accordingly during the crisis.
• Though Armanino is a very small company with a tiny market cap, I consider it to be a very solid investment which is positioned for strong growth.
• Recent board changes seem to suggest that the company wants to focus more on growth during the coming years.
• As a cherry on the cake, Armanino would be a very interesting takeover target for a larger food company, where there is ample room for synergy.

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