FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Little Engine who wrote (1436)	1/16/1998 7:01:00 AM
From: tonto	Read Replies (1) of 27968

Excellent post. You may have been too conservative. The return on equity is high because of the minimal equity, the rents are very high and I question the 30% margin. I personally question managements decision to lease expensive office space when it is not necessary to their business core. This money can be better used elsewhere. As I recall, and please correct me if I am wrong, did the company not project revenues of over $10,000,000 out of the Miami office alone for 1998 in one of their releases? This was at a time the office was planned to open in November. This could be their most productive office, they have numbers published as to excellent projections, yet they have yet to lease property. They should complete one project before going onto another. Have they hired someone to run that office and train personnel? The Myriad transaction appears to be falling within the industry guidelines of 3-7% and could be an excellent move if they vertically integrate into temp staffing immediately and use the resources that exist.

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