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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: Rob Miller who wrote (7451)3/22/1998 1:39:00 PM
From: CO  Read Replies (2) of 27968
 
Rob, HDWY did something similar to what FAMH is doing. Here is a previous post, where this was mentioned.

Message 3719043

HDWY is now trading at 8.00 with an 1997 EPS of .28 cents. And the price has been continuing to increase. HDWY is trading at an industry multiple of 28.5.

28.5 x .28 = $7.98

quote.yahoo.com

Using what would be FAMH's POST merger eps .36. This is really the number that is important. Many companies add shares during a year, but the bottom line is that the eps is the figure used by brokers and analysts.

If FAMH trades at just the level that HDWY is now trading that would put them at:

28.5 x .36 = $10.26

One thing to note is that the 1997 eps is without any of the additional revenues from the Myriad acquisition which is scheduled to close this week. That would take FAMH from being a 8 million dollar company to an $80 Million dollar company.

The pre-merger estimate for 1998 of .25 to .30 eps would equate to .82 x .99 POST merger estimate.

Using just the multiple of 28.5 and the lower estimate of .82 cents:

28.5 x .82 = $23.37

And in my opinion, FAMH, with its rapid growth pattern, could quite easily trade at a higher multiple. To me there appears to be a lot of future potential for FAMH.

Cheryl
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