FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Munch who wrote (6818)	3/18/1998 8:43:00 AM
From: Munch	Read Replies (3) of 27968

Kevin W, Soooomuchfun, Dan Major, Thanks for looking at my EPS calcs in post #6818. I did fail to account for taxes. At 40%, that would drop my EPS calc from $0.26 to about $0.16. However, on my estimates for each of the divisions, I don't think I was overly aggressive: 1)I forecasted core business growth of 25% with addition of IT division and new NY office. The profit margin of 25% was based on '97 profit margin ($2.2M profit on $8.8M rev) 2)Finance division ---> All I did was multiply the Q1 profit forecast in IRA's last PR of $374,000 by 4. This assumes NO growth for the rest of the year. 3) Myriad growth of 10% and margin of only 4% 4) Morton Downey -> I used on $50K per show (CC used $100K+ per show). I only used 80 shows for the second half of the year. 5) Somebody followed up by saying that my 30 PE was off and that I should have used NASDAQ PE of 20. I used the PE of 30 which is lower than the industry. All-in-all, I don't think I was too outrageous with my calcs. I used the data that was available to me. FAMH is still undervalued. May be time to go out and get some more. Go BC ! (oops, they're not in the tournament) Munch

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