I received this email last night from the Stock-Doc, they have AMFR as a pick stock-doc.com
AMERI-FIRST FINL (OTC BB:AMFR)
OS 9 million
Float 2 million.
Trading Range:
$3.31 X $3.62
These are the announcements we can expect over the next couple of weeks:
1. Acquisition of a New York Brokerage Firm
2. Acquisition of a financial web site.
3. Acquisition of a Financial services firm.
Current revenue on AMFR is 5 million U.S. It is give it an EPS of $2.00. It is currently trading for $3.62. This is a real sleeper of a stock. Any big volume this stock will fly.
With these acquisitions it will make Amerifirst a nationwide brokerage firm. AMFR is also considering becoming an online brokerage.
Here is a link to their site. They are currently upgrading the site, so the main page is not working correctly today.
ameri-first.com
Ameri-First Financial Group, Inc. and Ameri-First Securities Corp.
(Nasdaq OTC BB: AMFR)
Ameri-First Securities was founded in 1998 and is partially owned by the Ameri-First Financial
Group. Ameri-First Securities is focused on serving our institutional and individual clients with
timely investment research and ideas. Ameri-First Securities is a member of the National
Association of Securities Dealers (NASD) and a member of the Securities Protection Investors
Corporation (SIPC), which protects each account up to $500,000 (including $100,000 for cash
claims). Our clearing firm, First Southwest Company of Dallas, Texas provides additional
account protection of $24.5 million per account for a total of $25 million in account protection.
The additional account protection is underwritten by The American International Group, Inc.
which is one of the largest domestic insurance companies providing financial guarantee
insurance. American International Group is listed on the New York Stock Exchange and is
AAA rated.
Ameri-First Securities Equity Rating System:
Strong-Buy
Strongest performer relative to the overall market.
Buy
Outperforms the overall market.
Speculative-Buy
Outperforms the overall market, but with significant risk.
Source of Funds
Company has achieved price target, is over-valued, or will
under-perform market.
Hold
Under-performer to overall market. Company fundamentals have
declined, or Industry growth and profitability have been adversely
affected.
Our short term target price is $10.00 a share. Long term is $20.00 a share by the end of the year.
Please note that this profile will not be placed on our website stock-doc.com our policy is not to place profiles that are trading over $2.50 on the web site. Our sister newsletter mypennies@hotmail.com will be sending out the same pick on Monday April 10.
Stock-Doc has not been compensated for this newsletter, we do own shares of AMFR that we purchased on the open market at an average price of $3.75
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