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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: Andrew H who wrote (2228)1/29/1998 6:04:00 PM
From: OpenSea  Read Replies (1) of 27968
 
Andrew,

The profit margin on the Myriad portion (45MM or so of the 60MM projected for 1998) is much lower than 23%--it's more like 2-3%.) My guess, based partly on Ira's projections and partly on my shot-in-the-dark assumptions, would be that we'll see something like this for 1998:

Myriad portion: 50MM x 3% = 1.5MM (Very good for a company that they bought for 2.5MM)
"The Rest": 12MM x 20% = 2.4MM

Total = 3.9MM

Divided by 27MM shares = .145 per share

This scenario doesn't attempt to factor in dilution or profits from other new aquisitions.

Long FAMH
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