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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (3697)	3/30/1998 9:09:00 PM
From: Count de Monie	Respond to of 78655

Hi jeffrey bash, If your research skills is pretty good, I have a diamond in the ruff for you to look at. FAMH is a temp service agency. First the goods. PE is at 6. Growth is 28% last quarter. Revenues will increase from around 9 million to around 60 million due to a string of acquisitions. The acquired companies are profitable and is expected to boost profitability. The bad. Management is unpredictable. Company is non reporting, not listed on NASDQ. IT's a penny stock. The thread FAMH is a juvenile insane asylum. Recently things have improved. FAMH is in the process of being audited by a reputable accounting firm. Famh is being merge with a NASDQ company which will take care of the listing and penny stock problem. Can anyone figure out this company? Count de Monie

To: jeffbas who wrote (3697)	3/31/1998 1:28:00 AM
From: Alex Greenland	Respond to of 78655

First from the release: Day rates for all the Company's offshore vessels, both domestic and international, continue to show firmness, which indicates an improving performance in the quarters ahead as the Company continues the process of integrating new vessels into its fleet. The Company's other business segments - offshore & harbor towing, chemical transportation and petroleum product transportation -- are meanwhile performing satisfactorily. Well since dayrates seem to be strong there goes one problem. Secondly there has been concern about a dropping of day rates in the gulf with all the new boats coming online. Since HMAR has 67 boats in the gulf and 117 internationally they would be hit somewhat less than TMAR or TDW in this respect. These declines would hopefully be offset by a continued increase in international day rates. Also there is more to HMAR than just oil service vessels. Their consolidation and leadership in chemical transportaion and harbor tug service are also interesting in a longer term setting. And finally here is a link that will put you to sleep but will give you more insight into this comapny than I could. sec.gov Alex G. Long HMAR, NE, RIG, and MIND. ps also check out post 330 on hmar thread for more info re: new builds