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

To: Elliot Lepler who wrote (163)	12/25/1997 10:41:00 PM
From: Sergio H	Respond to of 877

Elliot, I read the thread and researched the stock. Thanks to you and others on the thread for the information. I posted my findings on the SWAT thread: Message 3041734 Sergio

To: Elliot Lepler who wrote (163)	12/26/1997 8:00:00 PM
From: Hijacked Account	Respond to of 877

Eliot, Brous estimates are now more in line with mine. I think 10 c is possible for Q4. She had underestimated bad debt expense, depreciation, and interest expenses. Even at .47 c and a forward PE of 12 - $ 6 is still a 100 % return from current levels. AIRM now trades at 1.2 x book and .5x times sales.- A steal any way you look at it. AS earnings expectations are met coupled with investor awareness, AIRM value should be realized. Could you fax me Brous latest report. I would appreciate it. Redchip review comes out shortly with their report shortly. AIRM accrued bad debt expense @ 25.5 % of Mercy revenues.For the first 6 months Mercy had accrued 22.2 %. The extra 3 points impacts net income by 1 cent. I believe AIRM accrual to be very conservative. AIRM cashflow from operating activities for the first 9 month of 1997 was $ 2.9 m - roughly 1.0 m per quarter. For all of 1996 cashflow from operating activities totaled $ 1.5 m. Cash as of 9/30/97 increased 38 % YTD to 2.8 m. This should allow AIRM to pay down some debt. Also, their cost of debt is about 9.5 %. With 30 year t-bills now under 6 %, AIRM should have opportunities to lower their financing costs. Do you have any news on the San Diego competition? I understand that this could provide some upside to revenues. Cary, thanks for the link for short interest stats. Happy holidays you all and keep the posts coming. Bill