Amresco [AMMB] Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Amresco [AMMB]

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: KZAP who wrote (118)	6/12/1999 12:17:00 PM
From: TraderGreg	Read Replies (2) of 218

I went over to the Yahoo board, which truly covers the widest range of opinions, and noticed that someone complained about AMMB's heavy debt load...LOL. Promised myself (again), that I will never frequent that raunch board again. NEWSFLASH!!-- AMMB's debt should not be used as an indication of their strength. Of course, they are going to carry a heavy debt load. This is a mortgage company. They make their money by loaning OPM(other people's money) and servicing those and other loans. The mortgage money they lend are assets; the OPM used to fund those loans are liabilities. As long as the interest received exceeds the interest paid plus the costs of doing business, everything is aok. 21 cents a share last quarter translates to a P/E of 5+/-, book value of 13 bucks, bad news from fall 98 well behind it, just closed an origination deal that is just below current market cap...and yet, poured concrete support of a week ago is now a point above current resistance(don't even know if the TA types can define support levels since the only prior history was the steep gorge from last October). Either I am missing something in a big way or some very angry and well placed people don't like AMMB. TG

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next