I started looking into small-caps while looking for possible value stocks as this space is littered with "Hidden Gems". Armanino Foods (AMNF) came to my attention as a possible investment. Yet, after some due diligence, I decided that this company is not worth the risk.
Just a brief background on the company, Armanino is a manufacturer of frozen and refrigerated food products. The company specializes in a line of Italian pasta sauces such as pesto, bolognese, and many other different flavors. The company operates in 3 divisions namely food service, manufacturers and retail.