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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: David A. Irvine who wrote (9981)4/1/1998 8:06:00 PM
From: Little Engine  Read Replies (3) of 27968
 
David, I already let everyone know what I arrived at...

The accepted way to calculate P/E's is to divide earnings by number of shares. More specifically, to divide most recent earnings available by current number of shares outstanding.

This is the way that any list of stocks containing P/E's does it. P/E's are not figured on how many shares the company used to have, or how much they hope to make next year. They also use audited financials to list them... they don't just arrive at a figure gleaned from a press release.

I followed recognized form. And that was assuming a best case scenario. Given FAMH's constant blustering, I don't believe the supposed $ .1085348765 in earnings, or whatever it is they care to claim.

Brokers and anyone else seriously considering investing in FAMH are not easily fooled by claims of $.36 EPS. Ira cannot apply 1997 numbers to over twice as much stock to be used in the merger without being laughed at by Wall Street.

If you want to calculate EPS based on last year's shares... well, the reverse merger did not happen last year. You can't have it both ways.

All P/E's and EPS are "backwards looking," as you put it. You knew that... I hope?

Sincerely,
Little Engine

P.S. Such a sad April Fools Day display... I expected real revelations, not the asinine McFarland thing... stuff we need to know, like the fact that Jane is a senior citizen in Brooklyn, Lebed is actually Peter Lynch looking for new frontiers to conquer... and Jin Chun's real name is Jim Bob.

FAMH will hit $1.50 in three days! That's the bottom line! WOOOOOOO!!!
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