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

To: lowell who wrote (1914)	1/26/1998 12:37:00 PM
From: JOEY	Respond to of 27968

Lowell I know the sales ratio but if you are in this stock for more than the next week or two like I am, those numbers ARE RELATIVE. I do appreciate your DD though..

To: lowell who wrote (1914)	1/26/1998 12:37:00 PM
From: JIN CHUN	Respond to of 27968

I'm still doing my research and will respond using my own opinion and speculation only( for whatever that is worth ). Firamada as a company seems to have the majority of it's revenue from long term contracts with bigger companies(AIG insurance). Their Sept. press release stated also that "the vice president of Colonial Insurance issued a mandate to build a new division using Firamada Staffing". Their 10/23 release names some big companies that have been "secured" as clients in fields from advertising to investment banking. I do not believe that a large part of their revenue is coming from industrial staffing. Also, the bigger and more established companies such as ASI or MAN or KELYA have lots of overhead. Firamada, I believe, only has 5 offices currently in operation. Even ASI does staffing on the lower end of the spectrum as far as margins go. The gross margins for the industry fall in line with what Monas has said. I accessed Hoover's just now and they gave me a gross margin industry average for ASI at 41.6%.