Amresco [AMMB] Message Board

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Non-Tech : Amresco [AMMB]

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To: leigh aulper who wrote (155)	11/9/1999 6:49:00 PM
From: TraderGreg	Read Replies (1) of 218

I've now seen it all. Friedman Billings downgrades AMMB to accumulate from Buy and then issues a 12 mos target of $7. That is a paltry 167% return from today's close. Funny they didn't downgrade it when it spiked to $8+. Where were they at $6, at 5, at 4? At 2 5/8, following a q which showed earnings from continuing ops and a NON-CASH writeoff, these idiots decide to downgrade it, but then predict a 2 1/2 + bagger. What kind of head injury did these clowns sustain that would cause them to put those two statements in the same release? They must be trying to break the will of the last of the longs to downgrade AMMB now. They probably stole lunch money from the small kids when they were in school. They will probably wait until the stock has nearly tripled before upgrading it. TG

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