Ames Department Stores (AMES) Message Board

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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: B Hewson who wrote (547)	8/21/1997 8:08:00 PM
From: Arthur Tang	of 1911

Lots of Wiz closing. Lots of Circuit city not replacing their inventory. It is because, the TV industry not doing obsolescense and replacement. Too many old TV's selling as new but not new models with new looks or new functions. HDTV is not coming, cable guys are waiting out. DirectTV is moving in with faster modems. This is the crack in the new economy, industry not doing obsolescense or replacements. Mass distribution going out of business on TV industry. Lechmere (Montgomery Ward) is closing too.

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