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Microcap & Penny Stocks : FIRAMADA (FAMH) - New 2-19-1998 - RESEARCH Posts ONLY!
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To: Brad who wrote (3)2/22/1998 5:26:00 PM
From: Little Engine  Read Replies (2) of 65
 
Research shows FAMH lags other staffing companies...

Here's some VERY INTERESTING comparisons for the staffing industry...

Company/SYMBOL legend:

REMX = Remedy Temp................. ASIS = ASI Solutions, Inc.
ALRC = Alternative Resources..........DR = Coastal Physician Group
CDI = CDI Corporation......................VOL = Volt Information Sciences
HIR = Diversified Corporate Resources
ESOL = Employee Solutions

Sales per share for above companies based on trailing twelve months. Taken from Yahoo Finance.

FAMH: numbers based on 23 million shares (average) for last year (now 28 million, per Ira) and Ira's claims regarding earnings per share (11 cents) and revenue figures. Note: Ira stated on the last Conference Call that FAMH earnings for last year were all recurring, and not one-time, earnings.

....................Number of outstanding shares.............Sales per share

REMX...........................9 million.....................................$39.85
ASIS..............................6.4 million....................................$4.71
ALRC............................16 million....................................$16.24 DR................................36 million....................................$18.65
CDI................................20 million....................................$73.94 VOL...............................15 million....................................$93.45
ESOL.............................31.6 million................................$25.02
HIR..................................2.6 million................................$17.33

FAMH...............................28 million.................................$0.37
(unaudited)

Profit figures:

Symbol..........Revenues...........Net Income..........Profit margin......

REMX...........$360 MM.............$10 MM....................2.8%
ASIS...............$28 MM.............$1.7 MM...................6.9%
ALRC..............$263 MM...........$14 MM....................5.3%
DR.................$451 MM............<$119 MM>.............-27%
CDI................$1.47 B..............$48 MM.....................3.2%
VOL................$1.42 B.............$31 MM.....................2.8%
ESOL.............$804 MM.............$4 MM......................0.5%
HIR..................$32 MM.........$1.75 MM....................5.5%

FAMH...............$8.5 MM............$2.5 MM....................30%
(unaudited claims)

FAMH earnings claims are much higher than any firm listed on any exchange. A real warning flag for any serious investor.

FAMH has more shares outstanding than either CDI or VOL, both of which did over a BILLION dollars in revenue last year.

If you take the time to read the profiles of these companies, you will see they do the same kind of work as FAMH. Some of them even do a higher percentage of permanent staffing than FAMH -- I believe one of them had over half its yearly revenues from permanent placements.

P.S. Per Brad's overview statements, FAMH shares have nearly doubled since the beginning of the year to 41 million. Now over twice as much as CDI or VOL.

In addition, FAMH is liable for assumption of $1.5 MM in debt from the Myriad acquisition, along with $12 million in debt FAMH President Ira Monas stated the company would borrow this year. (Mentioned in his last conference call. They have not had conference calls in the last two weeks, and apparently have quit offering them.)
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