Ames Department Stores (AMES) Message Board

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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: Arthur Tang who wrote (1810)	12/30/2000 5:30:42 PM
From: Richard Mazzarella	Read Replies (1) of 1911

Arthur, IMO Bradlees was in a different league than Ames, I owned them a few years ago and visited a few stores. Bradlees was a step or two up in quality than Target and Walmart. Ames will have enough trouble servicing its debt than even beginning to consider assuming any Bradlees locations. It's a good thing for Ames that interest rates may soon be coming down, Ames may survive. They are on the edge of failure, but that's already in the price. I think the PR release was code that Ames will survive and is strong enough by taking returns from Bradlees. The goodwill is also useful. I have been buying AMES over the last few trading days and expect some strength in AMES stock in January. There could even be a strong short covering rally on any good news.

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