To: Brad who wrote (5468 ) 3/8/1998 6:05:00 PM From: Prophet Read Replies (1) | Respond to of 27968
Brad, Great Site! Keep up the good work! I am buying some more FAMH tomorrow. There is no way this company is going to fail. Here are my reasons for going long on FAMH. Beside everything that has been said and done in these discussions, FAMH is in a growth industry (3rd largest growth), with little change of getting hit hard even during bad economic times. When the economy is doing well there is high demand for outside help from employee providers. When the economy is not doing so hot, there is also demand for outside help because companies tend to reduce their permanent work-force and replace it with a temporary one. Sure! there is a lot of competition in the industry. However,there are two major factors that matter in establishing a strong business in this industry: 1) Contacts, and the ability to bring in good quality people. FAMH has already demonstrated an exceptional ability to penetrade large key accounts by bringing the right people to the business with the proper business contacts. In terms of actracting quality technical people (IT Types) to the business I have nothing to say other than FAMH is not in any worse position that its competitors. They are all competing for the same pool of resources. In fact, they might be in a better position since IT type of personnel is traditionally outsourced through smaller contracting firms rather than through the large companies in the industry. As for the myriad acquisition, it is a good acquisition for FAMH. There are concerns about the 4% margin. However, let's not lose site of the fact that Myriad could be an excellent vehicle for FAMR to enter the high tech IT areana. Although Myriad does not necessarily provide IT services, the company has its feet inside corporate America and that's what FAMH needs to penetrate the highly profitable IT market with a strong mementum. Besides, Myriad it was a relatively inexpensive acquisition. I'm buying some more tomorrow! .......... Hoping to someday live the good life!!!