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Non-Tech : Aames Financial (AAM) - Undervalued or what???
AAM 10.64+0.1%Nov 6 3:15 PM EST

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To: Tom Schmitz who wrote (386)4/23/1998 4:53:00 PM
From: AL Benz  Read Replies (1) of 510
 
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Look at it this way: 3 sub-prime co's have been acquired at 3x book valu; The money Store/Beneficial and Green Tree. AAMES is roughly worth 9/10 book. IF...AAM is acquired...maybe 30?? OK, mid 20's.

Ron Perelman and Gerald Ford have bought 9.9% of AAMES at $13.7625. I would say they don't expect to lose money.

I think you'll see some serious money made in this stock. I'm loading up. I don't have time to play options or other games. I'm a long and margin buyer and hate to lose money. Stay with it for awhile!

Stay tuned

See ya

Al
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