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Microcap & Penny Stocks : INTERNATIONAL FIBERCOM, INC. (nasdaq - IFCI)

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To: Doug R who wrote (771)4/20/1997 10:29:00 PM
From: Amigo Mike   of 2486
 
Doug and Jessica,

I do not mind Mike here digging up information. I asked Mike here a few weeks back specifically for his take on IFCI. While Mike does tend to post in a not so positive fashion, he does pick up things that others could miss.

It is good to present all of the issues involved. I'm sure that some who lurk or post here think I'm much too rosy on IFCI. And that's OK. Skepticism is what will help us make money in the long run.

Everything that has been said by Mr Kealy and Mr Prag have all come to pass. IFCI has been very straightforward regarding their outlook for the year and have delivered each news announcement as expected. I see no reason for this to change. Positive earnings are due shortly. While some of our estimates may be a little high, I think we will all be very happy over the next couple of months. There is no reason IFCI can't trade above $4 in a few months time as long as they continue to deliver the goods. The new Concepts office in Phoenix ought to be contributing to IFCI earnings later in the year. Remember that Concepts has much higher margins.

Mike, I'd like to know why you didn't post the positive news that the combined Fibercom and Concepts have $4+ million in backlog at March 31st (from 10K) to go with the already record revenue for the first qtr ? If our estimates of 1st qtr sales are close, say $6 million average, IFCI will have already booked $10+ million in business with 3 qtrs to go. That's 87% of last year's revenue. Just thought I'd throw that tidbit out. Ist qtr is supposed to be the slowest also.

Mike
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