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Atlantic American Corporation (AAME)

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
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2.6700+0.0700 (+2.69%)
At close: 04:00PM EDT
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  • J
    Jim
    Lots of volume today, over 20k!
    Bullish
  • k
    korbelik
    Anyone else read (http://traderspot.club)? Just got a tip about AAME from them.
  • J
    Jim
    That’s a much better winter quarter. It’s coming back from the Covid slowdown
  • S
    Scott Tav
    Bought 2k shares Friday afternoon for 4.76. Sold today for 7.27. Thanks
  • D
    Dhammike
    This has 80% insider ownership and 5% institutions. Biggest retirement system ClaPERS is in it as well. Earnings coming mid next week. There is high chance for this to keep going up next week.
    I decided to stay.
  • C
    Capitalist
    This is huge...will end mid year at 30 easy.
  • T
    Thermobaric
    Atlantic American cannot afford Hilton's leadership.

    Hilton Howell, Jr. married rich. The primary reason he is President, Chief Executive Officer, and Chairman of the Board is because he married Robin. Robin's Mom, Harriett, owns 75% of AAME. Harriett also owns 100% of the Preferred (it pays a richer dividend than the 1% paid to the commoners).

    AAME has a total market value of approx. $40 million, but Junior pays himself more than a million dollars EVERY YEAR. Under Junior's control, AAME has fallen from $5 to $1.81 in four years. AAME would have fallen even more had his mother in-law not supported the share price by buying 20 thousand shares in the open market (Aug. 2019 for $2.50).

    In the last four years, AAME's share price has decreased 64%. During this time, Junior paid himself more than $4 million. Junior even pays himself $76,000 every year for being a director of the Company and its subsidiaries.

    Atlantic American cannot afford Junior's leadership any longer. Junior needs to find another job. I think cleaning horse stables would be appropriate.
  • J
    Janoy
    Welp, I bought in towards the eod on Friday, only 1,000 shares at $4.37.

    Just gambling on the chance we see a small bounce before this keeps bleeding. Definitely not proud of this trade whatsoever in hindsight. Pray for me Monday morning lol.... will be looking for any and all exit opportunities in the green, big or small.
    Neutral
  • R
    Robbing-the-hood
    I bought at $12.85 and I am going to sell now and get the hell out! There is no indication that this stock will ever recover, or at least not any time soon. I think that the target price should be somewhere around $2.50-$3.00 I thought that I was getting "in early" on a good deal.... not so much.
    Bearish
  • N
    Never
    The normalized PE is not 6 when you adjust for non recurring earningsBack in march when I looked non recurring was 59% of earningsThat said I stuck my toe back in for a small position today at $2.51(I lucked out to sell into the Feb pump & dump)My only hope is another smaller pump in the futureI have zero confidence in the company or the insidersI sold as low #$%$45 to as high as 12.99, an average of about $8.90 I think.The CEO got the job because his mother in law owns 74%.I might buy more if it goes below $2 but its a risk that I might end up holding for many years with nothing to show for it except an anemic dividend (under 1%)
  • D
    Daniel
    Any professionals here? Please comfort us or let us know what’s the next step. I bought at $11.80 and i am panicking
  • A
    Andrew
    NASDAQ is a failed exchange. A stock going up 700%, huge volume, and no news, but NASDAQ didn't stop trading to get clarifications from the company? What a joke.
  • Z
    Zachary
    Is this a good buy?
  • D
    Drew82
    AAME will keep on hitting a major resistance at $5.3 for the foreseeable future... If you're feeling adventurous, you could play the range, but may want to get out each time it reaches the major resistance at $5.3 because it will most likely drop from that point...
    Neutral
  • D
    Dhammike
    .. there are shorts stuck from Friday. Since mew buyers are aligning the SHORTS will start to cover in panic soon which will push this high and higher
    soon.
    If a catalyst comes meanwhile it will be a easy party.
  • S
    Scott Tav
    Rocket
  • I
    I.
    How can a stock jump from $2 to $13 in 24 hours on a gigantic volume with no news whatsoever ! Someone is pumping this to part you from you hard earned money !
    Someone please explain what am I missing ? Thanks.
  • j
    jiro
    Ocugen, Inc.
    tnx $ocgn! got back my lost from $aame im OUT
    Bullish
  • D
    Daniel
    I bought at $11.80 and now I’m loosing ~$2,500. Should i sell?
  • C
    Chris
    No day trades and now I’m stuck watching weeks of good trading, gone!
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