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: Rickey Lynn Wilson who wrote (206)	8/26/1997 6:17:00 PM
From: Bill De	of 510

Rickey, I talked with Curt Fesbach of the Feshbach Brothers today and their analyst told me that Aames' financials really looked good except for the charge offs in the fourth quarter. I believe that it is their intent as well as mine that Aames completly cleaned all of their crap off their balance sheet. I can only believe that this was done to make the company's financials appealing to an acquiring company. They also told me that it their opinion that a take over is forth coming and the still believe that the purchase price will be in the $25-$30 range. The stock had volumn in excess of 3 million shares today and it maintained th $19 level. In my opinion that great it could have been worse. There was a lot of buying today and I saw at least one block of 10,000 shares traded. Well tomorrow is another day!

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