FIRAMADA (FAMH) - New 2-19-1998 - RESEARCH Posts ONLY! Message Board

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Microcap & Penny Stocks : FIRAMADA (FAMH) - New 2-19-1998 - RESEARCH Posts ONLY!

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To: Brad who wrote (25)	3/6/1998 12:57:00 AM
From: Sooomuchfun	of 65

Brad, great notes! Something doesn't add up for me. If you assume the high side for sales and gross profit %, that would leave FAMH with $18 million in gross profit. Assuming a 40% tax rate (state and federal), they would have to have -0- in SG&A expenses to hit the low side $.25 of his earnings estimate with 40 million shares outstanding. $18millionX60%=$10,800/40,000= $.25. If anyone sees an error in my thought process please point it out. I want this to be a great stock opportunity but what he's saying does equate to the numbers. Look forward to replies.

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