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 (1536)	1/12/2000 2:02:00 PM
From: Arthur Tang	of 1911

Visited Natick store, 10:30am. Traffic is slightly off; but restocking is 90% full. Store has about $1 million stock. Turn over is 8.5 times per year. Hopefully, Joe can restock it full every Monday. By next Monday, the shelves could be 20-25% empty. That will give us 10 times to 12 times turn over a year. Price points on small items could bring more profits. $100 here we come. Investors are now 95% institutions. All my small investor friends were taken out at one time or another. More money will chase after a few shares of stock. Market makers be careful. $100 target is on the way, encouraged by fresh institutions.

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