Ames Department Stores (AMES) Message Board

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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: Market Tracker who wrote (630)	9/29/1997 8:29:00 PM
From: B Hewson	of 1911

I am long AMES and have made good money, but part of the story continues to bother me -- not competing with the big boys. AMES has Wal mart in 60 percent of its market (or more, I can't remember). My Ames store is about 3 miles away. WalMart is 25 miles away, but I shop WalMart most of the time because the prices are so much better. Ames is keeping inventory low and the stores look good and have a pretty good number of soft-goods shoppers, but the revenues for the chain are about flat and I wonder how long restructuring and improving EPS can go on. I want to believe the story, these are just my observations. Barbara

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