Air Methods (airm) Message Board

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Microcap & Penny Stocks : Air Methods (airm)

AIRM 42.95

0.0%

Apr 24 5:00 PM EST

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To: Jim Langdon who wrote (684)	8/12/1998 11:53:00 AM
From: Elliot Lepler	Read Replies (2) of 877

The conference call yesterday was very upbeat. Without the special charge the company would have reported 7-8 cents, which is above the Red Chip number. The products division had a weak quarter, even without the special charge. But other divisions are on track. The Las Vegas Mercy expansion just began operations on June 15. Management expects the second half numbers to be stronger than those of the first half of the year. I do expect some news in the coming weeks. The new contract with the Dept. of Defense will be further explained. I heard the release is "at the customer for approval." This new program could generate very significant follow-on business. Also the Blackhawk certification should be finished some time soon. George mentioned it should have been done in early August. I know how these things go, so I am not holding my breath. The ambulance contract in New York is off to a good start. George said that model "could become a major new revenue contributor." The company has very little downside risk in this work. IR activities are going forward. More institutions have taken positions in the stock. Management will be presenting to more investors in the coming months, including another Red Chip conference. Patricof is working with Air Methods. They both believe: 1-The industry is ripe for consolidation. 2-Such a consolidation would be beneficial for both investors and customers. 3-Air Methods has the potential to become a $200 million company and that sort of expansion would create an event that would catch the attention of Wall Street. So far this am, the market has yawned. But at least for the first couple of hours after the release, the stock has not tanked. The disappointment has been discounted. Maybe a short term bottom in here? Elliot

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