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

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

AAM 10.63

+0.3%

Nov 12 12:51 PM EST

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To: jluker who wrote (270)	10/18/1997 1:19:00 PM
From: Bankceo	of 510

Yes. The stock now has low expectations and earnings have a good chance of exceeding analyst projections because of a bad quarter. The company cleaned up their balance sheet at the end of the last quarter, in IMHO setting up for a successful sale. The CEO is leaving, and two board memebers have been added; one from a former sub of WAMU, a potential buyer. The other was with BA. The stock has been holding as the market corrects. I think it will be sold for the mid-$20s+, particularly if their strong volumes continue and become converted to bottom line earnings this quarter. Target: $25 with takeover; $21 without by year-end; IMHO and LOL

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