Ames Department Stores (AMES) Message Board

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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: andrew feldman who wrote (647)	10/2/1997 4:08:00 PM
From: Arthur Tang	of 1911

Thank you, DrVinkman. Sorry, no analysis on other retailers. I think most of us consultants have problems working for competing outfits. Some times AMES may want to attract Caldor and Bradlee customers. Making analysis of Caldor and Bradlee very bias-ed. In fact, AMES is fighting for their competitors' customers by upscaling. You probably find most stockholders very loyal to the company they own. With respect to support levels, we look at the company business practices more so than technical analysis. Fundamental analysis is on earning power. Market making wise, we have a slight problem with Goldman Sachs and their short interest of about 750,000 shares. Buy back will happen, at what price we just don't know when or how much yet.

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