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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: HG who wrote (5599)3/9/1998 7:18:00 PM
From: Lurker  Read Replies (1) of 27968
 
<<The only part that continues to confuse me is Ira's comment about working very
quickly to get listed on a bigger exchange. It would appear that "price" is the hangup
at this point. Did he elaborate at all about this? If not I guess time will tell. I could
speculate about possibilities but I won't.>>

Ira says that the stock is already worth $3.00 (previous phone conversation). He is either basing that estimate on a standard PE=30 on the current (hopefully) .10 EPS or on a PE=10 on next years estimated .30 EPS.

These PE's are attainable with many stocks. HOWEVER, with all the delays and wrong figures stated, buyer confidence is shattered. I wouldn't be surprised to see a PE < 10 (like 3-5) for at least the next year.

This is an excellent stock for high risk capital, though. I don't expect a listing, soon. (maybe mid-1999)
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