Ames Department Stores (AMES) Message Board

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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: Arthur Tang who wrote (739)	10/28/1997 4:17:00 PM
From: Arthur Tang	Read Replies (1) of 1911

Now that everyone bought. I will reveal the secret of AMES. AMES wrote off $19 million on store closing. Limited upscale have turned store closing to be obsolete, based on my observation of the Natick store which is slow and carelessly run for many a year. Now they got their pride back. Clean and bright. customers are coming, by my parking lot counts. Fully parked Natick Ames will have 144 cars. Most of the time, it is 50 cars. AMES last year closed $12 million worth of stores. This year they wrote off $19 million. Almost $0.90/share got wrote off. Next year, if Ames keeps all their stores, and projects $1.54/share plus $0.90/share. We are going to see a $66/share stock. Possible? Probable? Definite? It depends on how we as stockholders keep our stocks. Only very strong hands needed to apply. You try to scalp the market makers, we will be fooling around at less than $18/share all next year. Create "overbought" at low prices, trying to make $1/share off the market makers? Don't waste our time.

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