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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: BK who wrote (4653)	5/11/1998 7:48:00 PM
From: Cary C	Read Replies (2) \| Respond to of 29382

AIRM... Wish you would have posted sooner. I wouldn't have had to decifer so much. LOL In addition to what you said I also noted the following 1. Profit margins have improved do to the absence of development costs. 2. Cash up 1 million to 4.4 million, working capital 3.8 million up 900k, EBITDA 2.5 million up from 1.2 million 3. Company confident in what they have and will NOT buy business to gain market share. 4. Revenues from Brazil franchise down 25k but expected to be back up next quarter. 5. 1st quarter is NORMALLY THE SLOWEST do to weather conditions for the most part. 6. I understood the money to already be in the budget that gets approved around 7/1/98 for UA 60 helicopters (4) 97 and (3) 98. 7. In regards to Bids, the company said, the outlook has never looked better. He was more encouraged now than any time during the last 3 or 4 years. 8. Mercy contribution to the bottom line after associated costs of 144k. Without costs and increase in business, that should improve for the 2 quarter. 9. As Mercy grows companies MARGINS WILL IMPROVE. 10. Renewed all of their contracts for 1998. 11. Currently covered by Red Chip Review and H.D. Brouse (sp) with favorable feedback regarding coverage from a regional Denver firm. 12. NTSB still investigating crash but FAA and independent well respected consultant had no findings of wrong doing. Consultant also pleased with AIRM's safety, training and operations. 13. Along with the annual meeting in New York next week they have set up a full compliment of meetings with brokers analysts and such. 14. Company is expanding contacts with sell side analyst, institutions and the retail brokerage industry. They are stepping up the meetings with institutional investors Finally the expansion of Mercy Air is progressing nicely. They are very close to announcing expansion in 2 new locations. They are very confident and believe it is just a matter of dotting the I's and crossing the T's. Cary The 10Q will be available on Edgar tomorrow.