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

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

AAM 10.64

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Nov 7 1:39 PM EST

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To: Bankceo who wrote (364)	1/18/1998 6:05:00 PM
From: Bill De	Read Replies (1) of 510

Has anyone heard that AAM or at least part of it will become a REIT? Read the attached: Subject: AAM TO BECOME REIT. Date: Wed, Jan 7, 1998 01:44 EST From: NJDMR25 Message-id: <19980107064400.BAA22876@ladder02.news.aol.com> AAMES IS ABOUT TO BECOME A REIT. CORPORATE TAX EXEMPT STATUS, 95% EARNINGS MUST BE PAID TO SHAREHOLDERS AND INCREASED EARNINGS. I FOUND THIS LITTLE TID BIT IN CRITTENDENS RESIDENTIAL MORTGAGE NEWS IN JANUARYS ADDITION. HASNT HIT THE STREET YET TO MY AMAZEMENT. STORY WILL HIT THE NEWSWIRES ANY DAY NOW. FOR A STOCK THAT HAS AS MANY SHORTS AS SHAREHOLDERS I WOULD WOULD NOT WANT TO BE SHORT THE STOCK NOW. BLOOD OF THE SHORTS WILL BE ALL OVER THE STREETS. FIGURED THE DIVIDEND AS A REIT AT OVER $2 PER SHARE EVEN WITH A CHANGE IN ACCOUNTING AND MORE CONSERVATIVE ACCOUNTING METHOD. 10 TIMES EARNINGS AS A REIT IS $20 PER SHARE. WALLSTREETS BIGGEST AAM BEAR IS NOW A BULL. GROWLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL!!!!!!!!!!!!!!!!!!!!!!!!!! ===============

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