FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Selfop who wrote (18056)	5/19/1998 7:40:00 PM
From: Dick Lee	Read Replies (1) of 27968

Dave. I wish I could add 50› to the value of FAMH stock, now. I have recommended it to six good friends. All bought on the basis of my recommendation. I don't like being in this kind of position!!! I just checked Brad's profit projections by BU (post 12714 on 4/17) and he calculated $3.069 million in pre-tax profit over a 12 month period from Myriad. With a tax burden of 40%, net income from Myriad operations would be $1.84 million. Using Arif Adam's 48 million outstanding shares ("we will not go above this number"), that's a 3.8› EPS contribution. If you accept a P/E ratio of 10 (my number), Myriad contributes 38› to FAMH value. And we closed at 30›, today. FAMH stock price is 8› off the pace just on the contribution from Myriad, and as you point out they are not the most profitable BU we have. FAMH stock price has got to go up!!!! It's just a question of when. Arif and Ira can directly influence that timing. Looking to build FAMH Value, Dick

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