FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: CO who wrote (2262)	1/30/1998 12:30:00 AM
From: lowell	Read Replies (1) of 27968

Cheryl: I caught the conference and thought Ira did a very good job. He is definately getting better at this! I also had a similar concern as L.E., however. I will try to go through this with rough numbers (my calculator just broke!). FAMH Competition (SOSS) Service Rev. 100% 100% -(Direct cost of Service) (70%) (78.1%) ________________________ ______ ___________ Gross Margin 30% 21.9% - (Selling, Gen., Admin Exp) (4%) (16.1%) _______________________ ______ __________ Profit Margin 26% 5.8% 26% profit margin was calculated by assuming .11 EPS, $8.5 mill in revenue, and 20 mill shares outstanding. Gross margin was given by Ira at 30%. 4% was calculated by subtracting 30-26. I checked several different companies and they all had around a 16% SG&A ratio. Assuming an approximate 4% SG&A that would translate into about $340,000 (4% of $8.5 mill) or about $56,000 per office (6 offices - including corporate). DISCLAIMER: These are ROUGH numbers. I am using pen & paper instead of my trusty calculator. I might be way off...I looking for some assistance! Regards, Lowell

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