FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: J. Nelson who wrote (165)	11/24/1997 4:15:00 PM
From: CO	Read Replies (2) of 27968

Jim, After being so ON last week, I am almost afraid to try. But I think that we might see .62 to .65 on the ask by Friday, maybe even higher. A lot of people still have not heard the news yet. I am just not sure how the holiday might affect it this week. There is likely to be some profit taking, but I don't really expect a lot. With the actual earnings for the first 9 months of the year at .12 EPS, I think a lot of people will hold. To begin with, over 25% of the float is being held in two money funds. If you take just the .12 eps x 20 (industry multiple) that is $2.40. Adding in the estimated .09 for the 4th Q that would be .21 x 20 = $4.20. With the opening and acquisitions of new offices, I would expect to see substantially higher revenues for 1998. Many stocks actually trade on the basis of their estimated earnings for the following year. In my opinion, it may not take FAMH very long before they meet the last requirement needed to enable them to move to NASDAQ, the bid price. I believe they need to be trading at $3.00. (Even though the new NASDAQ requirements say $4.00, I have two sources that say FAMH could do it at $3.00 for some reason.) Cheryl

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