American Food Co., Inc. (OTC: AFHD) has been rated “Speculative Buy” with a target price of $.40 by Beacon Equity Research Analyst, Lisa Springer, CFA.
The full report is available at http://www.BeaconEquityResearch.com
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In the report, the analyst writes, “American Food Co., Inc manufactures and markets beef jerky and other snack foods under the “Reinhold & Timko Beef Snacks” brand name. The Company’s jerky product line includes items made from premium cuts of beef, chicken and turkey. American Food supplies products to more than 300 distributors across the US.”
“The Company is planning to expand its largely regional base of operations through the introduction of an outlet marketing division - Beef Jerky Outlet Corp. (BJO). BJO will play a pivotal role in its expansion plans by authorizing new franchisees and distributors.”
Other companies in the beef snack market include Frito Lay (NYSE: PEP), ConAgra Foods (NYSE: CAG) and Bridgford Foods Corp. (NASDAQ: BRID).
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of American Food Co., Inc. (AFHD). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon has directly been compensated a total of three hundred thousand free trading AFHD shares from a non-controlling third party (Project Development Corp) for enrollment in its research program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
