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Strategies & Market Trends : JMills' Center of Trades and News

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To: Jeff Mills who wrote (44)1/25/1997 12:06:00 AM
From: Jeff Mills   of 57
 
ONE last thing!

I looked at some numbers on IFMX. Here they are:

IFMX 155.6 Million shares

Qtr Revenues EPS Net Income DSO Cash

Q3E-Sept96 $238M $0.17 $26.2M 91 $254M
Q2E-June96 $226M $0.14 $21.6M 87 $256M
Q1E-March96 $204M $0.10 $15.8M 82 $253M
Q4E-Dec95 $217M $0.28 $38.8M 76 $263M

Ok--you can see where the problem was for IFMX. It was the quarter from Jan 1, 96 to March 31, 96--i.e. Q1. And, it looks like IFMX prewarned of the bad quarter on April 7, 1996--when the stock tanked from $25 1/2 to $18 3/8 on 30.8 Million shares. However, notice the Oct-Dec quarter last year--$217M on revenues and 28 cents EPS.

IFMX Estimates for the Oct-Dec Q4 96 are .24 cents, with the high at 27 cents and the low at 20 cents. Based on last year, IFMX did 28 cents on $217 Million in revenue. Last quarter, they did $238 Million in revenue--so IFMX could be very well getting to report a nice 3 month report. I am still searching for the date IFMX reports--last year it was Jan 31--but I will locate the exact date later on.

Ok--later on

Mills.
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