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Non-Tech : Amresco [AMMB]
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To: KZAP who wrote (157)11/13/1999 6:06:00 PM
From: TraderGreg  Read Replies (1) of 218
 
On Friday, the closing bid on AMMB was 1 3/4. AMMB, as of their last 10Q, has

$1.88 per share in cash, and a TANGIBLE book value of $5.45, and shareholder equity of $12.45 per share.

Apart from NON-CASH writedowns, they have earnings for the last 9 mos of nearly 60 cents a share.

Now, tell me the inmates aren't running the asylum.

Is it too optimistic to call this a value play?

TG
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