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Pastimes : Ed Williamson: stocksfifthavenue.com Paid Tout -- Ignore unavailable to you. Want to Upgrade?

To: jjs64 who wrote (5)	11/5/1999 11:50:00 AM
From: StockDung	Respond to of 17

By: Cuz Reply To: 18 by bookra1 Tuesday, 31 Aug 1999 at 4:30 PM EDT Post # of 25 On June 4, 1999, AAAC publicly announced that they would do $44MM in sales, have $1.4MM pretax earnings and earn 20 cents a share. They currently have two used car lots and working on their auction site to have it up by Sept. or Oct. They later announced that they would have 1,400 dealers in FL on their system. Where are they now? What is the status. I don't say this company itself is good or bad. However, even when a decent company gets onto a bad deal the results are negative. But, do you think AAAC could sell its' business right now for over $40 million? It is trading for 35 times its' hoped for pretax earnings over the next 12 months. The bid did come down by 1/2 today on very light selling. I did 1,000 of that thank you very much. Can only sell a few shares at a time to get the trade off. The $7 bid is probably not good for many shares either then it goes to $6 1/2.