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Microcap & Penny Stocks : Ames Department Stores (AMES)
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To: Arthur Tang who wrote (1858)6/28/2001 2:10:59 PM
From: Arthur Tang  Read Replies (1) of 1911
 
Early afternoon, AMES pulled back to $1.00 and rebounded to $1.20.

In the mean time, AMES has TV advertising for a summer clearance sale this Friday and Saturday of selected summer items 40-50% off.

If inventory is turned over fast, this could be an entry point for investors to watch management going back to 1996 operations. Tighten spending and turn over inventory fast. Switch from loans to trade credit, to merchandise aggressively.
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