Undervalued Stocks = Low P/E to Growth Ratios Message Board

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Strategies & Market Trends : Undervalued Stocks = Low P/E to Growth Ratios

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To: john david martin who wrote (63)	8/30/1997 6:21:00 PM
From: shane hartman	of 297

AAM on Credit Watch NEW YORK, Aug. 26 /PRNewswire/ -- Standard & Poor"s today placed its double-"B"-minus counterparty credit and senior unsecured debt ratings of Aames Financial Corp. on CreditWatch with "developing" implications. The CreditWatch listing follows the announcement that the company is considering strategic initiatives and has retained advisors for assistance. The company also reported a $14.1 million loss for its fiscal quarter ending June 30, primarily reflecting a write-down of its interest-only strips due to prepayments. While this event in itself has been factored into the current rating, any further pressure on capital could lead to a downward rating adjustment. In addition, Standard & Poor"s will review the rating when additional information is available on the company"s strategic plans.

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