Amcon Distributing Co.’s (DIT) stock made a turnaround in October 2011 and has been rising over the last 3 months. The 200 day EMA has stopped declining and has leveled off, while the 50 day EMA began to rise in early November. The stock is currently trading above both its 50 day and 200 day EMAs. Since October, the stock has risen 15 points.
Amcon works in the Department store industry, specializing in both wholesale distribution and retail health food. The wholesale distribution division markets consumer goods to approximately 5,000 retail outlets.
The retail health food and products division runs 2 chain store brands. There are six retail stores in the Orland Florida region which comprise the chain of Chamberlin’s Market Café. The second chain comprises eight retail health food stores which operate in the Midwest. These eight operate under the brand name of Akin’s Natural Food Market.
The operating margin (ttm) on this stock is 2.22% and the profit margin (ttm) is 1.15%. Interestingly, the profit margin is equivalent to J.C Penny Company which is 1.17%, although their operating margin is 4.89%.
Regarding management effectiveness their return on assets (TTM) is 9.75% and their return on equity (ttm) is 19.42 % which is much better than J.C. Penny’s statistics.
For more information about Amcon Distributing Company see Patrick Lowry at Seeking Alpha.
Some of the up and coming managers are: Chuck Schmaderer, Chuck Fosnaugh, Bill Bailey, Dan Johnson and Philip Campbell.
Disclaimer: The information proved here is just a start. However, it is insufficient to base investment decisions on. All investment decisions should be made after a thorough analysis has been performed.
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