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: JAG2 who wrote (299)	11/11/1997 11:53:00 AM
From: Bill De	Read Replies (1) of 510

I do not disagree with you regarding Aames the company. However, during most of that period Gary Judis was running the company. He was able to raise and stabilize the stock price. That is what investors look for. Since the beginning of the year when Cary Thompson and Neil Kornswiet took over and forced Gary out the stock price has been going south. I see a lot of people responding like you saying that this was a good company. That was then and this is now. Current management does not seem to be liked by Wall Street. Even during the period of June 1997 and August 1997 the stock price could never sustain an upward momentum. Look at a chart and you will see how investors have reacted to Aames. Someone at that company better take control of the stock price and attempt to get the respect of the investor. Because it is not happening now. People as well as institutions are dumping it constantly. In the last 68 trading days 37 have been negative days (more sales than purchases). This may have been a good company but the current management does not appear to be well liked by they investment community. And if this does not change you will not see the stock price go over $18 per share if it ever gets there again. I bring your attention to another great company called Apple Computer their stock price has been in the cellar for years. In addition, look at Chrysler Corp. Great fundamentals and technicals, good business and the pay $2.60 in dividends. However, no one can understand why investors are not buying the stock. It can not go above the mid thirtys. Just because a company has been a good one for years does not mean people will rush to buy it. Aames is one of those companies. Of late there has been nothing but good news and still there are more sellers than buyers. And unless management grows up and tries to understand how the investment community operates this stock price is about as high as it is going to get. I again bring your attention to the over 5,000,000 shares shorted (20% of the stock). These people believe the price will go down. And it has. Management should be out on road shows showing the world how good the company is so more people in the investment community will buy the stock. There thousands of public companies to invest in. Generally, people look for growth so their investment can increase. Aames for the last year has not been one of those companies. If it were why is the stock price still in the $14's per share. I am not being sarcastic but at $14 a share and a 12-14 P/E ratio you would think people would be buying it like crazy but they are not. Would you be willing to buy Aames today? It is also my opinion that the price of the DOW does not influance Aames stock price. I watch this stock too much. So if the DOW goes up or down it generally does not effect Aames' closing price. The only thing that will effect the price is management. My main intent is for investors and potential investors to contact Mr. Kornswiet and Mr. Thompson by FAX and let these guys know what they feel about their performance. Unless you are an institution there is no way of contacting an intelligent human voice on the phone. Their investor relations department is nothing more than voice mail which takes weeks to send out any requested information if they send it at all. If you send them an E-Mail from their web sight it gets returned. These are the two men who can make a difference and what are they doing besides increasing their salaries to $900,000 per year plus many other benefits. They win investors loose. FAX numbers: Cary H. Thompson, CEO 213-640-4537 Neil B. Kornswiet, President 714-430-4537

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