Ames Department Stores (AMES) Message Board

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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: Texas77 who wrote (1704)	9/2/2000 3:19:45 PM
From: Arthur Tang	Read Replies (2) of 1911

Thank you, Dave. You sounded like looking for a quick AMES recovery. The fact of the matter is that AMES is working on their marketing strategy based on diversification of merchandise. In turn the customers are enjoying a bigger weekly catalog to entice them to visit AMES. I am personally a business consultant. So, I am looking for long term growth. If AMES has continued plan to enhance their inventory turn over; I will be very happy to say they are on the way back to previous valuation. But performance which is solid takes more than one month or one quarter. It takes many quarters to prove the plan is well executed. I wish the management well; but they did it very well between 1996-98; first by holding back spending except where profit may result. Then they did reduce borrowings for two years in a row. Earnings/share improved. Yet they never approached 3% return on investment, using the Safeway supermarket business model. In case you forgot, it is bright, clean and courteous stores. I do not expect they will achieve any where near that ROI until next fiscal year. I hope this reply answered your question?

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