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Non-Tech : Amresco [AMMB] -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (121)	6/15/1999 9:32:00 AM
From: TraderGreg	Respond to of 218

Great news, glad to see it. The last bunch of POSITIVE news releases have not helped stem the selling though. Maybe the bottom is near. TG

To: Joe Copia who wrote (121)	6/15/1999 11:32:00 AM
From: scott bradley	Respond to of 218

Sometimes I wonder....will I ever research a stock before Joe Copia has? Nice to see you on this thread...too.

To: Joe Copia who wrote (121)	6/16/1999 10:31:00 AM
From: prudentinvestor	Read Replies (1) \| Respond to of 218

I saw this stock mentioned over on the RTIN thread. Then I read the analyst's report. I'm in (for better or for worse) at 4 31/32. However, the drop in the prices of the bonds does trouble me a bit. I was once a bondholder in a financial institution similar to this one. That institution went bankrupt; my bonds became valueless. A regional bank bought out the bankrupt institution for next to nothing. It was one of those RTC deals in the early 1990s. Clearly, there are risks in this one; that is why I took a relatively small position in AMMB (far, far less of a position than I have in RTIN!). The valuation is compelling; however, this is not the only financial institution selling at these low valuations. Also, many homebuilder stocks are selling relatively cheaply relative to book value and sales. Certainly, the analyst's report, posted earlier on this thread, is what finally got me to commit some funds to this issue.