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Message Boards Settings Atlantic American Corp. (AAME) - Quote Info
This is a real bargain right now...intrinsic value is huge     30-Oct-09 12:20 pm    
AAME is selling for less than their current cash in the bank, this is a pure Ben Graham play pure and simple. Their net current asset value is over $34 million. They have over $28.9 million in cash alone... their current market cap is only $28 million, they have over $100 million dollars of revenue each year and a tangible book value of over $75 million. If AAME were to liquidate today they could probably fetch a conservative price anywhere from $100-130 million conservatively based on normal revenue and and a small premium to book value. They also have a sizable investment portfolio that was hit hard the last few years, so their is a good possibility that their book value will increase solely based on increased appreciation of their undervalued investment assets. The only negatives I see is their current earnings are low and this stock is almost a private company with a small float of shares outstanding. This low volume makes for a bumpy ride but I believe those who are patient will be well rewarded. PS: Also, the company authorized a buyback of 500,000 shares which if all done will make each share more valuable. LONGS HOLD TIGHT! If earnings are good, then this stock goes through the roof.


Sentiment : Strong Buy
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joseywhales...

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  Subject Author Rating Time of Post (ET)  
 
This is a real bargain right now...intrinsic value is h...
joseywhales... (1 Rating) 30-Oct-09 12:20 pm  
 
Good summary. Do you know where to find out how ma...
bighoper Rate it 2-Nov-09 09:43 am  
 
bighoper, To find how many shares were bough...
joseywhales... (1 Rating) 2-Nov-09 10:58 am  
 
Agreed everything about this company is ...
marketlover... Rate it 9-Nov-09 12:22 am  
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Atlantic American Corp. (AAME)

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On Dec 3: 1.26 0.00 (0.00%)
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