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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services -- Ignore unavailable to you. Want to Upgrade?


To: Little Engine who wrote (1572)1/18/1998 9:48:00 PM
From: JIN CHUN  Read Replies (1) | Respond to of 27968
 
Little Engine, I will try to respond to you one last time regarding 3Q numbers for fear that others on the thread may be getting annoyed. If you're already annoyed by this issue, then please don't read this!

(1) The press release you cited above obviously states .06/share earnings. The figures you stated and used in your calculations is no where to be found in any such manner. The figures you cited came directly from a post and was never officially released by company or management. If you can find the press release, then give me the link, otherwise this is the last time I am bringing this up.
(2) I never said that they may have released false earnings, or at least not in the manner in which you imply. MANY companies on all exchanges prerelease earnings figures that have to be recalculated. What I meant was that perhaps the figures they stated in the release may have to be recalculated.
(3) Even if the numbers ARE accurate, then it is not implausable. From the conference call Mr. Monas stated sales of around 8.5 million for '97. The average quarterly revenue is then 2.125 million. Earnings of .06/share for the 3rd Q is then 1.14 million with 19 million shares outstanding. Given the start of their financing division and continuing operations, and the margins stated by other members on this thread regarding placements after temping, the 53% figure does not bother me.
(4) I am comfortable with my decision and cannot speak for anyone, including yourself. I've noticed that this is the only thread you've posted since you've joined SI on the 8th of this month. If you're not comfortable with FAMH, then don't buy.
(5) This is the absolute last time that I am ever posting regarding the 3Q numbers. We will all see very shortly when the 10-k is filed. Until then, everything is just speculation. Jin.