KEY TAKEAWAY:

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STOCK SUMMARY:

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REVENUE:

2020: $1.5B

2021: $1.7B

2022: on track to beat 2021

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NET INCOME:

2020: $5.5M

2021: $15.6M

2022: on track to beat 2021

​EARNINGS PER SHARE (EPS):

2020: 9.9

2021: 28.2

2022: on track to beat 2021

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MARKET CAP:

$99M. Small cap. Plenty of room for rapid stock price (and overall company) growth.

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GUIDANCE:

From CEO: “We are pleased with our results for the second fiscal quarter. Our management team has remained highly focused on delivering a consistently superior level of customer service in a highly challenging operating environment. AMCON continues to seek out acquisition opportunities for distributors who want to align with our growing platform and customer centric management philosophy.”

From COO: “Ongoing supply chain disruptions with the consumer-packaged goods companies we partner with have impacted product availability across all markets, including the convenience distribution industry in which our company operates. The United States continues to experience an acute workforce shortage which we work diligently to address in our daily operations. Our Annual Spring Trade Show was well received and provides momentum as we enter our summer season. AMCON’s customer base continues to grow geographically and we are deploying the capital and human resources necessary to support this growth in a collaborative fashion.”

COMPANY INFO:

AMCON Distributing Company is one of the largest wholesale distributors in the United States serving approximately 4,000 retail outlets including convenience stores, grocery stores, liquor stores, drug stores, and tobacco shops.

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ONE LARGE EXTERNAL FACTOR?

No. I could not locate any external factor that alone heavily affects their earnings.

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​STOCK PRICE UPTREND:

Price has increased from $52.40 to $169.90 since May 2020.

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