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

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

AAM 10.63

-0.1%

Nov 17 2:50 PM EST

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To: hoopsville who wrote (190)	8/26/1997 7:49:00 AM
From: hoopsville	of 510

Aames did not book all the earnings that they could have had this quarter as per the following statement from their press release. "In addition, Aames securitized only $500 million of its record $644 million of loan production in the fourth quarter, increasing the amount of loans carried over to the first quarter of fiscal 1998 to $243 million. This represents an increase in Aames' loan carryover of approximately $136 million, or 127 percent over the third quarter's carryover amount." In other words, they probably deferred earnings on $144 million of loan production until the current quarter. A nice little boost in earnings for the first quarter.

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