Ames Department Stores (AMES) Message Board

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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: Dan Duchardt who wrote (1697)	8/29/2000 8:02:02 AM
From: Arthur Tang	of 1911

The question of debt load for a $3.6 billion retailer is the turn over ratio; revenue/inventory or revenue/debt. Hills average $8.5 million revenue per store per year; but they have a larger store(more footage). Small store with merchandise crammed look busy and can attract more traffic. Large store with merchandise scattered would look empty and leaves customers the feeling of not much to look at. Bradlees have been trying the crammed displays lately, inventory has been added. But they still operate at a loss also. So, I blame it on Greenspan. But, in fact the disposable income has been shifted to autos, 17.5 million new cars this year. Monthly payment hurt vacation spending and all other spendings. Supermarket is just recovering by deep discount on door busters. $3.99/lb of lobster and a few other goodies did a lot of wonders for the business. I am experimenting in my mind that special liquidators may improve the traffic at Hills again, but this time fill the store as the merchandises empty out. Fast turn over would make debt reduction easier as AMES had done it before 1998. Roland may be the only one new that did not know what they did. Door busters and a few more door busters each week is the lure.

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