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

To: CO who wrote (7235)	3/20/1998 9:28:00 AM
From: Double Dipper	Read Replies (3) \| Respond to of 27968

Cheryl, Appreciate the post. I read that when it was first posted. Let me clarify my point about the 25 PE. I don't doubt that some companies are obtaining that kind of valuation nor that FAMH may be capable of obtaining a PE of 25. My point is to fairly and objectively try to project what I believe the fair market value is for my investment purposes. This company, this year 1998, in its first year as a NASDAQ listed company will have to prove its sustained earning power as a new growth company. Not through acquisitions alone, but from revenue growth from its core businesses. After a couple of quarters of meeting its target growth it may indeed achieve higher PE valuation. But, for the next few quarters it would be too speculative to prematurely assign that high a figure. I consider 20 to be higher than the average and pretty bullish, but conservatively so. I'm not looking for pie in the sky. Just a nice piece. Hope this explains my reasoning. Kevin