Go Bard, I honestly disagree wiht you that FAMH is only a momentum play, though you have several decent picks on momentum plays. Very very few OTC BB stocks have solid fundamentals as FAMH.
FAMH earning: $0.06/share for last three months and $0.12/share for last nine months. Estimated earning for next quarter is $0.09/share. Thus, FAMH will finish about $0.21/share for 12 months. Average industry PE is about 20. Thus FAMH, trading at $0.37-0.42 can be 10 times bigger at $4.20/share. The company has planned to move their stock to NASDAQ as soon as the stock price reaches $3-4. Further, their investment bank is one of six Market Makers trading FAMH. This investment bank has been purchasing FAMH for some time for their clients in the open market. It is said floating shares at weak hands have been significantly reduced in the past month.
For FAMH recent news, check the following link: biz.yahoo.com
For FAMH current trading quote, check the following link: quote.yahoo.com
For FAMH trading chart, please check the following link: chart1.bigcharts.com =c&xyz=22436672&s=6468
For more information, please check the following thread at
Subject 18031
HIGHLIGHTS FROM INCOME STATEMENT for the 6 months ending 6/30/97:
Revenues $4,155,593
Expenses $2,889,739
Net income $1,265,854
CASH IN BANK $725,638
NET CHANGE IN WORKING CAPITAL: plus 995,931!
Total current assets $1,634,784
Total property and equipment $163,448
Other assets $98,425
TOTAL ASSETS $1,896,657
TOTAL CURRENT LIABILITIES $423,506(BIGGEST IS TAXES $137,031)
LONG TERM LIABILITIES $8,290
TOTAL LIABILITIES: $431,797
Common stock authorized: 100,000,000
Shares issued and outstanding: 19,130,620
Financial PR is at World Vision Financial 1-888-345-6060
James |
