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

To: Jane4IceCream who wrote (4923)	3/4/1998 11:16:00 AM
From: John Fairbanks	Respond to of 27968

Boy did I ever call that one wrong! ;-) I agree it is unreasonable to expect that we will rise too quickly. I think we'll actually see a lot of our price appreciation after the momentum players leave and quiet, steady buying can commence from other quarters... personally I agree with the Undervalued Dog's anaylysis of 2.50 in 1-6 months. I don't see why people look at 1.25 as a target... Kostech gave that as a buy below target back when this was an $8MM/yr company. Now it is a lot bigger and I think the target should be reevaluated.

To: Jane4IceCream who wrote (4923)	3/4/1998 11:21:00 AM
From: Andrew H	Read Replies (2) \| Respond to of 27968

Jane, many of us have tried to take Jonathon aside and counsel him a bit, all to no avail.

To: Jane4IceCream who wrote (4923)	3/4/1998 11:25:00 AM
From: Lord Smooth	Read Replies (1) \| Respond to of 27968

I think bargain hunters may be coming in soon. I bet we see $0.60 at least once before end of day. Only a bet, not a prediction. Can it be? Is FAMH legit? Wait till it gets to a low and buy. Next, FAMH purports $2.2 million net income in 1997 on an average of 20 million shares outstanding hence EPS of $0.11. Using 40 million shares outstanding to compare to 1998, 1997 EPS would be $0.05-0.06. If we can assume FAMH stays at this income level, which would not be bad given all the uncertainties regarding consolidating acquisitions, and a apply a conservative P/E of 15, which is more likely for a company that has not proven itself but has supposed great growth ahead of it, then perhaps a 12-month price target of $0.83 is in order. This target does not include any benefits from acquisitions. If shares are reduced by 4 million and the company follows through on its claims, than the stock could be higher. Seems like investments at current levels, at worst, could be dead money. Who knows. That's the fun. Not a bad reward risk it seems. Of course, this assumes management is trustworthy and follows through on its claims. That's the most important issue. Will have to wait and see. I'm in with a small amount. Good luck people.