Atlantic American Corporation (AAME)

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.

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%)