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

To: dwight martin who wrote (228)	1/31/1998 12:10:00 AM
From: Elliot Lepler	Read Replies (1) \| Respond to of 877

Dwight, We have some time to wait before earnings are announced. I do not expect them before the end of February. We should not over-react to every tick of the stock. The action was building nicely before the accident in Utah but we lost a great deal of momentum. I firmly believe that the financial performance of Air Methods will not be significantly affected by the unfortunate events of the past couple of months. I believe that, but it may take some time for the market to believe it. Until we see the numbers in a month, investors may be reluctant to put their money in this issue. Right now there is no compelling reason to do so. When the earnings numbers show that we are selling at a current PE under 10 times, then Air Methods will generate some attention and excitement. I understand management is working on a number of initiatives which will lead to positive news that will help propel the stock upward, but we will have to wait to see how those projects turn out. The upshot of the bad press has been a delay in the inevitable move higher. So ignore the daily fluctuations. Any purchase at a price near these levels will look very smart very soon. In short there is no bad news causing todays weakness. Elliot BTW I understand the company is still in the process of choosing an IR firm.