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Microcap & Penny Stocks : PHFR: A $50M Company for .71/Shr ?? Anyone Know ??

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To: Danny Kim who wrote (6)7/28/1997 8:33:00 PM
From: Colin Cody   of 21
 
Danny, Not to be argumentative, since I have a soft spot in my heart for PHFR/PHAR. I even have a box of PHAR Soluable Asprin WITH product inside!! On my shelf (VERY rare memorabilia).
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But PHFR (NOW as you say) IMO ain't going nowhere. You say "finally" making money. I asked what you meant by that.
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Here's their reported EPS for the past several years:
6/92 loss $.45-
6/93 $.09
6/94 $.07
6/95 $.06
6/96 missing from my files
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9 months 3/96 loss $.07-
9 months 3/97 $.03
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The stock is worth 1/4 to 3/8 in my estimation (fully valued). I would be a strong buyer at 1/8 to 5/32nds.
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IMO the stock is over-valued currently near 3/4ths or so.
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Hope the above helps you out, and GOOD LUCK with your investment!!
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Colin
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