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

To: JIN CHUN who wrote (7403)	3/21/1998 2:42:00 AM
From: Alan K. Scher	Respond to of 27968

I'm new to SI. Thanks to everyone on this thread for their ongoing DD. It's been a fun couple of months and I'm looking forward to the next few! Alan GO FIRAMADA!! (I always wanted to say that)

To: JIN CHUN who wrote (7403)	3/21/1998 2:42:00 AM
From: PsycProf	Respond to of 27968

I agree with you about FAMH. I also know about those finals. However, now I am the one giving them instead of taking them. It is a pleasant change after all. GO FAMH!

To: JIN CHUN who wrote (7403)	3/21/1998 9:38:00 AM
From: Mark[ox5]	Read Replies (1) \| Respond to of 27968

OFF: Jin, Congrats on finals being over!! I know after mine were over (after a few all nighters) Id sleep for about 48 hours straight! And that was in my late teens and early 20s, so I cant imagine trying it at the ripe old age of 27 LOL Mark

To: JIN CHUN who wrote (7403)	3/21/1998 9:54:00 AM
From: Mark[ox5]	Respond to of 27968

ON: Everyone... I know we've had a lot of discussion re: profit margins the past few months, and while I dont know how FAMH got to theirs I can relate a few interesting items. First, from working with temps and paying the companies, I know that the temp company makes roughly 35-40% off the core rate, and the temp employee makes 60-65% of the rate. That is for basic office and or accounting temps.. I do not know if there is any difference for IT. So what that means is for every $1.00 the company pays for a temp employee: .60-.65 goes to the employee .35-.40 goes to the temporary firm So in effect, once the temp is PLACED, the temp firm makes 35-40% "profit" every week. Not a bad business Id say. And yes there are costs involved too, advertising, the buildings, etc.. but you get the picture. On a 2nd note, let's talk about what happens when a company hires a temp.. and after some time period decides they like the temp enough to hire them full time. It's almost a "try before you buy" scenario. That is very common in the corporate world (for all of you on the beach and dont know how regular life works for us peons) couldnt resist.. hehe Anyways.. this is from a company called Robert Half Internatinal (RHI): A temp company which has doubled in the past 1 year in price. As an aside RHI trades at $47 which .. gives it a PE of 47. Very pricey in my book but just an idea. Anyways I will type verbatim the terms of this permanent placement from temp straight from literature from RHI. "After you evaluate the performance and potential of our employee on the job, you may wish to employ this person directly. Our employees represent our inventory of skilled professionals and in the event you wish them converted to your employ, you agree to pay a conversion fee. The (name of the temp co) conversion fee is 12% of the annual base salary for employees hired up to $18,000; 17% of the annual base salary for employess hired from $18,001 to $24,999; and 22% of the annual base salary for empluees hired at or above $25,000. So.. .basically that is a nice juicy bonus .. which is ALL PROFIT.. if the conversion takes place. On a salary of $35,000 that is 22% profit or $7700 .. for nothing. No costs to the temp firm. Like I said, nice business if you can get it. Last point to new lurkers.. besides the sector one of the reasons I initially bought into FAMH months ago was it has been in business 19 years.. its not a start up and its not based on "the next hot product or technology" like many pennies. Food for thought. Jin-- I like that! Got FAMH? (imagines Ira with a white milk mustache on the back cover of Forbes magazine) Won't be using his FAMH profits for face lifts (due to excessive tanning) in 7 years, Mark