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Microcap & Penny Stocks : Air Methods (airm)
AIRM 42.950.0%Apr 24 5:00 PM EST

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To: Sergio H who wrote (169)12/26/1997 9:08:00 PM
From: Elliot Lepler  Read Replies (1) of 877
 
Bill,

Email me your fax number again at ecl1@aol.com. I agree the Air Methods set-aside for Mercy's bad debt is very conservative. The good news is that eventually that income will "come home" if they misjudged. I guess it is better to overestimate than have to take a downward adjustment to income later.

I also agree that the 10 cent number for q4 looks very doable. I am anxious to see what Red Chip has to say. For the progress of the stock, exceeding lower estimates is much better than falling just short of higher ones. But it would not be good news if Red Chip lowers their estimates further. I believe they now expect 10 cents for q4 and 45 cents for 1998.

Sergio,

I did not mean that the Boeing arrangement would not come to much. I meant that I do not COUNT on it when I do my analysis of where the company is and will do. I think it may very well add significant revenue. 17 interiors should add 15-20 cents to the profit line. If that happens it will certainly help and it may be one of many such contracts.

But all those are still not firm, like the core business, which should as a base case meet the Brous 47 cent estimate.

Hope that helps. Nice to see someone but me actually buy the stock.

Elliot
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