An investment idea, AMIN

For almost 2 decades, my partner and I have been managing money, and doing very well.

One of the philosophies we have followed is buy extreme value, short extreme overvalue, our clients have prospered with that approach.

Currently, we are accumulating a small, very small NASD company that is in the extreme value category, AMIN. American International Industries.

Why extreme value? At the current price of $1.2, market cap of about $10 million, we believe it is undervalued by one quarter, maybe more. We see value of a minimum $5-7, maybe more.

Why? Not because of the actual operating businesses they have, though they are fairly decent. Rather because of the impressive real estate holdings they have, and have put on sale. In short, the real estate holding are worth $3-4 per share. I know, that some say, Real Estate!? Its worth nothing! Incorrect, read this report and see how valuable their holding are http://www.simmonsco-intl.com/files/Galveston%20Bay%20Foundation.pdf

Matthew Simmons and maybe I got my wires crossed, but damn near maybe that Dickinson Bayou property is worth more than $25 million. Simmons put together a piece on Galveston Bay that is damn good and talks about the value a Galveston Bay and compares it to three of the "world's Vital Water Bodies". It puts Galveston Bay in the same prominence as The Persian Gulf, Lake Pontchartrain, and Lake Maracaibo. It talks bout Kemah (AMIN's headquarters) as a spot fer alternative energy company location (sea-based windmills and such) and on page 4 shows the location a Dickinson Bayou south a Kemah and near the Houston Ship Channel.

AMIN owns a piece of land on the waterfront in Kemah, that they have on the books for $250K, its fully paid for, no mortgage! Its for sale for $24 million, almost $2.5 per share! They also have 3 other valuable properties for sale.

When will it be sold? I don't know. Will it be sold? Yes, eventually! that is why its extreme value and frustrating at the same time. If and when the land is sold, how many times per cash should AMIN trade at? Even if its only 2 times cash, that means at least $7!

EXTREME VALUE!

Good Luck!