Ames Department Stores (AMES) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Ames Department Stores (AMES)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jerry Gogol who wrote (1624)	6/9/2000 10:10:00 AM
From: Andreas	Read Replies (1) of 1911

Jerry; The reason I posted about ames was to illicit some response on a thread that was all but dead. In addition, I'm trying to get a handle on why this stock has dropped from the 40s to 9. Or more realistically, why has it been cut in half from a recent 18 (only a few weeks ago). Yes I know about the earnings drop and may same store sales were sickly - but is that enough to explain the huge drop? It can't be interest rates. Credit card sales are minimal compared to a Dillards and further more those that tend to shop at ames have the 18 -21% variety of credit cards which are maxed for interest rate purposes. In other words interest rates cannot go higher on the 18%-21% variety of credit cards. It would appear that there is more behind the scenes. My guess, and this is only a guess, the momentum has shifted out of ames and instituions are dumping causing the price decline. It is too early yet to get any institutional ownership numbers, but i would not be surprised to see a huge drop. In any event, maybe you can shed some light beyond what little I've contributed. I'm looking forward to your respose.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next