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Microcap & Penny Stocks : MIS International (NASD/BB: MISM)
MISM 0.4500.0%Jan 21 4:00 PM EST

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To: Ted B. who wrote (151)2/12/1998 7:15:00 PM
From: Leroyt  Read Replies (1) of 264
 
Note that MISM is purchasing 15 locations (at about $250,000 per location) so that the revenues for just these 15 locations is nearly $4 millions. On the other had, the $3 million of royalties must be viewed at better quality earnings since the %profit must be much greater.

What is the best way to evaluate the value of a franchising company short of having an audited earnings statement which will still be several months away.

I have been purchasing MIS since late 1996 with majority in early 1997. I have done well so far but am expecting much more in the future.
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