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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Mark[ox5] who wrote (6509)3/15/1998 10:27:00 PM
From: Little Engine  Read Replies (3) of 27968
 
<<<<FAMH will be around .36 EPS 1997 so lets be conservative and put a $8.00 on it.. so at todays level that is $2.00 (after 4 to 1)>>>>

Mark, if I may ask, since you are a sensible sort... why is everyone constantly figuring what P/E this stock may bring using the 1997 number of shares? The .36 would be figured on 20 million shares, using the current number of 40 million shares we would get .18.

If the P/E, indeed, is based on future earnings, shouldn't the current stock count at least be used? I believe using only half the number of outstanding shares is deceiving newcomers.

Shouldn't .18 be the figure to use?

And what is the new company line about FAMH "working on the financials"? I thought the the audit was done. Please, nobody needs to claim that doing the data entry onto a web page (or SI post, for that matter) would take the company two weeks!
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