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

To: jhild who wrote (16359)	10/24/1998 5:25:00 PM
From: jhild	Read Replies (2) \| Respond to of 43774

It just occurred to me that there was more information in the Inc database about Executive Mortgage Bankers that can be inferred loosely from those numbers. Looking at the number of employees and the revenue gives a little insight into their business. Taking the Revenue and backing out the profit we have a number that loosely approximates the upper bound for the cost of the average employee. For example in 1990 there was $280K with a profit of over 16%. Backing out the lower profit limit gives $235K and a maximum expense of $39K per employee. 1990 $39K/employee 1993 $64K/employee 1994 $42K/employee 1995 $39K/employee This suggests that in 1993 they probably did considerably better than 16% profit. It also suggests that they may not have lost all that much in 1995. But it also says that these employees on average are not making very much. If the upper limit of their average expense is only about $40K, figuring a modest 20% overhead loading suggests that they are making on average not much more than $32K in gross salary, if that. This number seems a little low for what I would expect for a primarily white collar staff. And to top it off, the 20% overhead number I was using, would not, I think, carry office rental or advertising expenses, which would tend to drag all these numbers downward. While this is not precise by any means, it does give us some insight into their business. One final note, since they have not been listed since 1995, and looking at last year's lowest growth company (Telogy) on the list, number 500, we see that they were 500% over the 5 year period from 1992. Applying the %500 number to the 1993 reported revenue for Executive ($1.365M), they will apparently need to do over $6.8M to make this year's list.