To: Little Engine who wrote (4245 ) 2/26/1998 9:11:00 PM From: skreiger Read Replies (2) | Respond to of 27968
Let's face it, folks. Jamie's tale of woe is certainly plausible and unfortunate. But his words ring true. This stock is a "crap shoot". THAT'S WHY IT'S STILL A BB STOCK! We're looking at a company which just went public this year. The leadership has been highly aggressive and opportunistic in their attempts to grow the company into something which will someday leave the shady world of BB stocks and emerge onto one of the major exchanges as a profitable reporting company. If you are not willing to wager on the risk-reward opportunities this stock provides, then by all means, take your money and put it in a nice safe mutual fund. I can't understand why some folks believe that everything about this company should be done only to THEIR specifications. I have invested my money (and time doing DD) in FAMH and at this point am as comfortable as I have ever been with my decision. I have communicated with Mr. Monas on a number of occasions and have always received a quick and straight-forward response. I'm comfortable with that. On a number of occasions I have had to take a step back and evaluate my decisions about this company. Each time, I remind myself to look at the big picture and not to sweat too many of the details. This company is profitable. It has actual offices with actual employees and actual clients signing actual contracts. They have been extended a $12MM line of credit. They have aggressively acquired other companies in an effort to grow the company. They have begun a stock buyback program. When I look at most other BB stocks, those characteristics are generally not present. Often there is no product, no profit, plenty of hollow promises, and a long list of caveats. I'm sure there are many who will read this post and write me off as a starry-eyed sucker. That's fine -- your opinions aren't going to change my opinions, so don't bother me with them. I'm long on FAMH and still have no problem getting a good night's sleep. Regards to all, Scott