Amresco [AMMB] Message Board

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Non-Tech : Amresco [AMMB]

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To: Sandra who wrote (15)	10/20/1998 11:19:00 PM
From: Noel	Read Replies (1) of 218

An upgrade? I found this downgrade of the company's "Special Servicer Rating": October 20, 1998 11:58 AM NEW YORK, Oct. 20 /PRNewswire/ -- Fitch IBCA downgrades AMRESCO Management, Inc.'s special servicer rating to Above Average from Superior. This downgrade decision is based solely on AMRESCO's current weakened financial condition and not a reflection of any changes in the company's servicing methods or portfolios. SOURCE Fitch IBCA, Inc. Of course, this stock is way below where it should be, so even in its weakened position I feel it is a buy. I agree with David - I've noticed the exact same gap-opening trend, though I think today's was related to the whole mortgage-backed securities sector having some strength... NOEL

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