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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: LiveWire who wrote (398)9/1/1998 7:02:00 PM
From: Eric Winterhalder  Read Replies (1) of 510
 
Anybody still following this company? Seems to be significantly
undervalued relative to its industry. The figures I have are as follows:

Company Industry
P/E 5.7 17.4
Price/Book 0.66 3.22
Price/Sales 0.61 1.86
Price to Cash Flow 12.1 16.7
EPS 1.23 2.26
Debt/Equity 0.97 11.37

I also show over 4MM shares short or approx 25% of the float!!! Whats going on here?
What do those shorts know in view of the fact that Peralman and Ford
just bought 10% of the co....and at approx $14 share!!!!
and why havent they started to cover at this point..I mean the stock was down to
$6 1/2...do they expect it to go out of business or what?
(obviously some pretty savy and knowledgable investors thought that at $14 it was a good deal).

One might expect that with the low float we could see a heck of a
short squeeze. If the shorts start to cover the price spike would be something to behold..
...may just get my feet wet here.....

EW


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