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


To: OpenSea who wrote (6646)3/16/1998 2:41:00 PM
From: JIN CHUN  Read Replies (1) | Respond to of 27968
 
Ooops! You're right Jim, my mistake. Regardless, post merger:

347k x4 =1.388MM from financing assuming no growth
60MMx 4% net = 2.4MM assumes 8,000 employees at slightly less than
full time at minimum wage and last years net%(also industry net)
For those 2 aspects alone, that's around 3.78MM.
If the post merger share count is 11MM, that's about .34 eps fully diluted, with a conservative PE of 20, that's over $6/share, converted back assuming 4 to 1 that's $1.70 a share now, fully diluted without the rest of FAMH and only those 2 divisions.

With current share count at 40MM, that's about .0945 eps fully diluted. With a PE of 20, that's still over $1.70 a share now, without the rest of FAMH's core staffing and placement, IT initiative, Miami office opening, etc, or the MD show.

Still way undervalued IMO.
Jin.
Again with a PE of 20, that's