FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Freddie Forte who wrote (21494)	7/3/1998 11:50:00 AM
From: STEVE SAMEULS	Read Replies (1) of 27968

I too liked what I heard on the conf call. The growth in Sales is great and the obtainable 200-300MM revenues sounds great! I think the audit news is positive in that they will improve reporting and consolidate and reduce costs. I didn't get the impression the numbers are expected to change greatly, rather that we won't see them immediately. Further, I'm glad we are now focused on our core business and exited the MD bs. I don't think anyone seriously used the MD numbers to make investment decisions here anyway. This industry is explosive now with strong PEs. At 200-300MM in future revenues, with industry margins of at least 2-4% net we are looking at a very undervalued company. In my mind the only real issue is O/S. If shares are 80MM and NI is 4MM (2% of 200MM) then 5 cents EPS with a PE of 20 is a buck. Looks great to me. Glad to see the MD pipedream hype behind us. I invested here because of the temp industry. I think as soon as we have audits complete, we will regain credibility and move up fast, even if the EPS are as low as 3 cents. Cost reductions and revenue growth should be significant.

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