First Invtrs Finance Services (PINK:FIFS)

	Recent 52-week high
	30% Earnings Per Share (EPS) growth rate
	10% revenue growth year over year
	Strong balance sheet
	15% minimum return on equity (ROE)
	8% minimum pre-tax margins
	Under 50 million shares outstanding
	High insider ownership
	Limited institutional ownership
	P/E at least 1/2 of EPS growth rate

On 12/06/2011 we added FIFS to the GeoBargain list @ $8.25

Catalyst: Strong first quarter 2012 results. Reported EPS of $0.34 versus $0.06 in prior year period. 

We are now removing FIFS from the GeoBargain List @ $9.40

Potential road block: Has not been able to break out of $13 to $16 million revenue range in past 11 quarters;  Last four quarters have EPS have not shown sequential growth; Without an increasse in sales beyond normal revenue ranges we do not see how they can meet our minimum EPS growth requirments 20% to 30%, as many of the margin expansion initiatives have been already implemented;  Tough near-term EPS comparisons could lead to a low GeoPowerRanking (GPR).

We will revisit after the release of the fourth quarter 2012 results (April) to determine if they can surpass the EPS range of first 3 quarters of 2012.  We believe that FIFS could be an eventual acquisition target.

• Peak performance: Reached a high (on very little volume) of  $12.00 on 10/13/2011 for a maiximum potential return of 45%
• Current Price: $9.40