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: John J H Kim who wrote (50)	6/11/1997 10:19:00 PM
From: Steve Pimpis	of 510

I don't think it was any one thing all the sub-prime lenders tanked in the same period. Part of it was due to Interest rate worries, AAM made some comments that some accounting changes could affect earnings this quarter, a couple other companies Mercury Financial and Jayhawk Acceptance corp. had some major accounting problems, plus the P/E for this sector was high. Basically, a lot of worry set in and everyone bailed on the sector. You can see that by plotting a graph of FPFG, MONE, UC, AAM, IMCC, ICII they all took the same extreme dive and some have rebounded nicely. I expect the same to happen here. Great potential to run back up into the 20's. The stock is oversold.

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