Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Laura E. who wrote (16427)	10/8/1998 8:16:00 AM
From: Jenna	Read Replies (2) of 120523

AMMB..What can you think about a company gets downgraded after it is corrected to an absurd level before. What I can't figure is how the analysts had it as a strong buy even while it was going down. Now they look see it has tanked, decide to do a belated downgrade and the stock goes down even more. I would not mind holding a couple of thousand of this one but I would wait until the 10/21 and also make sure there are no legitimate law suits against AMMB. 10/6- Piper Jaffray $0.3 /share projected earnings 3rd qtr. notes that there may be another write off related to AMMB's residential residuals on balance sheet in 3rd or 4th qtr. 10/7 Raymond James -$.00/ share projected earnings 3rd qtr. due to CMBS write offs. It notes that the 4th qtr is dependent upon AMMB's ability to sell $2.5 B of loans it has on the books($1.2-1.5B RMBS,$1.0B CMBS and $120M SBA loans). RMBS and SBA should be easily sold but CMBS is cloudy as the market has collapsed and there are few buyers. 10/7 Southwest Securities- $30M-$50M loss in CMBS projected in 3rd qtr. Notes liquidity problem. earnings due 10/21.

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