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Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?

To: ISOMAN who wrote (10322)	8/4/1998 12:18:00 PM
From: Harry	Respond to of 43774

Thanks Isoman, I already found your estimates by searching your name. But, with over 10,000 posts on the PRWT thread it could have turned into a search for a needle in a haystack. This eps info should be readily accessible so that others can determine PRWT's worth.

To: ISOMAN who wrote (10322)	8/4/1998 12:39:00 PM
From: AF	Read Replies (1) \| Respond to of 43774

great estimates, tell the mm's we are still .039 x .040!

To: ISOMAN who wrote (10322)	8/4/1998 1:53:00 PM
From: Gordon Gekko	Read Replies (4) \| Respond to of 43774

Isoman, Revised Earnings Estimate I think there maybe a problem with your earnings estimates. Let's look at them one by one. Real Money Center 400 million a year in mortgage closings (this is not revenues or earnings) Revenue is 3% X $400M = $12M Belize mortgage business $120M mortgage closings (this is high, they will not close $10M a month) 5% signing fee $6M 2% maintenance fee $2.4M Costa Rica potential $120M in mortgage closings (we know there are much more - $600M potential) 5% signing fee $6M 2% maintenance $2.4M IT estimate as per news release $18M( we know this is low, closer to $65M) Revenue = $18M Total REVENUE = $46.8M Total EARNINGS = $11.7M (using 25% as net earnings margin) EPS = $0.019 P/E Multiples 10X = $0.19 20X = $0.38 30X = $0.58 I believe the S&P runs about a P/E of 20. The $10M a month for Belize looks shaky because they don't have that many homes. Who knows when Costa Rica will start, but it seems to have a much larger potential. The IT estimate is obviously low assuming they market it properly. Lastly, Real Money seems plausible. Other acquisitions? Who knows what they will bring in? There is no question that we are undervalued, but it will take regular earnings reports to bring this stock up to it's true value. Comments? GG