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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: Jerry Gogol who wrote (1456)11/12/1998 4:42:00 PM
From: Lel H  Read Replies (1) of 1911
 
Would you mind if I joined the the two of you in the "what if" crowd? Today's gemisch of news remained unknown to me until late this morning. I guess that'll teach me to pay more attention to the news.

I don't know anything about Hills, but on paper it appears like Ames is getting a good deal - 150 stores plus inventory for $500 million. I don't understand what the impact of the senior debt will be, and would appreciate any enlightenment from anyone with more sophisticated knowledge about these sorts of issues.

Best wishes,
Lel
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