Aames Financial (AAM) - Undervalued or what??? Message Board

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Non-Tech : Aames Financial (AAM) - Undervalued or what???

AAM 10.60

0.0%

Nov 26 10:42 AM EST

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To: Steve Pimpis who wrote (43)	6/9/1997 5:02:00 PM
From: James Wang	of 510

Steve: Re: Fed rate increase. I don't have the crystal ball. Whether I am 60% or 90% sure, does not mean a thing. All I tried to say is it is my belief that Fed will raise interest rate. You are right that the sector has a PE around 16. That was exactly the reason I found AAM attractive and bought it when it was around $11 with a PE less than 7. Whether it will go to 20s in a month or so, I am not sure. If there is no take over, it might take a bit longer for it to get to that level. One thing to remember, though, unlike the tech sector, a PE around 16 is considered fairly valued if not overvalued for this sector. Therefore, when AAM reaches $24-$25, I will be looking to sell it. Thanks for mentioning UC. Looks interesting. Very low PE and higher yield than AAM. I'll look into it. -- James

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