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Microcap & Penny Stocks : Air Methods (airm) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Lee who wrote (155)	12/19/1997 4:34:00 PM
From: Elliot Lepler	Read Replies (1) \| Respond to of 877

What a week! But at last it is over. I read in the Denver Post that the Columbia AirLife helicopter program is back in business, flying rescue missions. While the immediate impact on Air Methods' stock price is not pretty-a close of $2.75, we should not see any lasting significant ill effects. Air Methods is moving forward on its business plan. My estimate for earnings the quarter that ends 12/31 remains at 10 cents. The Red Chip Review publishes an update this month and I suspect they will also stick with a 10 cent number. So, if 10 cents times 4 gives AIRM a 40 cents annual rate in earnings, then a price of $2.75 translates to a multiple of 6.8 times. Anyone care to argue that the company may be a touch undervalued in here? We shall see if they come in with that earnings number, but even at 7 cents, we are trading at 10 times. I hope that all of you who follow this board have a pleasant and safe holiday season. Maybe we will see some cheer next week. Elliot