FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: JIN CHUN who wrote (6095)	3/13/1998 9:18:00 AM
From: Jamie Orr	Read Replies (2) of 27968

Jin, You asked for a fair valuation, and my answer is I don't know. That's why this stock could easily go in either direction. When I first invested in November, I thought it was quite easy to project the future price. Assuming a very conservative PE of 5 to 10, the price should have risen to somewhere between .60 and 1.20 even if the fourth quarter earnings had been zero. But I never considered that the president of the company had inflated third quarter earnings by 100%. You're now using the same logic to predict the share price that I used months ago. That is you're basing your numbers on Ira's figures. That method didn't work last November, so I certainly wouldn't apply it now. Jamie Orr

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