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

To: myelin2 who wrote (20429)	6/5/1998 11:43:00 AM
From: Terry Lyon	Read Replies (2) \| Respond to of 27968

I think FAMH is at the right place at the right time. Jobs growth reported to be very strong. Employers want more staff leasing and temps and this will likely continue should the economy turn down or up. FAMH is a bargain at $0.20 IMHO even with current shares market cap is still only about $15 million for a coast to coast company. After reviewing the CC I am convinced this management team wants to get this company back on track. I'm ready for the ride. Here is a clip from todays job numbers: US stocks shrug off strong May jobs report By Kevin N. Marder, CBS MarketWatch Fri Jun 05 11:22:42 1998 See: Bond Report NEW YORK (CBS.MW) -- U.S. stocks shrugged aside a stronger-than-expected May employment report and an earnings warning from a benchmark technology concern to rise Friday. At 11:00 a.m. ET, the Dow Jones Industrial Average advanced 64.88 points, or 0.7 percent, to 8,933.72. The government reported that 296,000 new jobs were created in May, well above the 225,000 figure expected by Wall Street. The unemployment rate stayed at 4.3 percent, the lowest level since 1970, when most economists had looked for a rise to 4.5 percent. In addition, the April jobs number was revised to up 302,000 from up 262,000 and March's payrolls were restated to up 82,000 from down 26,000. See full story. Both bond and stock markets ignored the strong jobs data, which ordinarily might lead to fears of higher inflation. The feeling is that the renewed turmoil in Asia, and its potential dampening effect on U.S. growth, will keep the Federal Reserve from upping short-term interest rates for the near-term. "The report was very mildly negative for the markets," said M. Cary Leahey, chief U.S. economist at High Frequency Economics Ltd. "They've been looking for a slower growth rate going forward." "We know a tight labor market and strong job growth hasn't caused the Fed to raise rates yet, and I don't think the report will cause them to raise rates at their August policy meeting." he said. Beneath the surface of the popular stock averages, the technology sector outperformed on bargain-hunting, while healthcare issues acted well courtesy of strength in the drug group. Meanwhile, energy shares spurted amid a sense that the price of crude oil has bottomed.