Jul. 2 at 12:20 AM
$AAME I get that the stock has been penalized for the late filings but the risks seem overblown. The late filings were, in my view, seemingly due to the sudden departure of their CFO before the Q1 2026 10Q deadline but after he had missed the 10K deadline. This is a company with >
$5.00 TVB/share, EPS of
$0.23/share (~13.7% on closing price of
$1.68), and EPS growth of ~164% TTM,
$28M in cash, an investment portfolio of ~
$235M and policy liabilities of
$191M trading at a market cap of
$34M. Revenue is split roughly 60% specialty P&C and 40% Life & health insurance. Specialty P&C demand is sticky, AAME underwrites specialty P&C policies for commercial fleets that are too small and too niche for larger firms to bother with, these fleets primarily consist of taxis, ambulances, charter buses, cargo vans, senior transport shuttles, etc. AAME's underwriting flexibility and willingness to write tough risks is why brokers choose AAME, switching costs are why customers to stay.
