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To: David who wrote (8024)	8/21/1999 12:05:00 PM
From: James Clarke	Respond to of 78817

By coincidence, EBSC is outlined in a Barrons interview today. I don't know if you'll get it on Monday at Friday's close. I was concerned about the chapter 11 filing too - they went bankrupt in late '95 (which was a time of a lot of carnage in the retail sector) and reemerged in 1997 under new management. I am more concerned about their expansion plans. They should be using their capital to buy back stock, not build new stores. Net-net calculation: 358MM of current assets less 237 of total liabilities/ 16 million shares = $7.54. Good questions you raised. Thanks. JJC

To: David who wrote (8024)	8/24/1999 6:44:00 PM
From: Robert Hoefer	Read Replies (1) \| Respond to of 78817

David, you asked if anyone had been in Elder Beerman's. I grew up in Dayton, Ohio, and in that time Rike's and Elder Beerman were the big downtown stores and that was the pinnacle of shopping. Rikes was like Macy's, complete with Christmas window display that you packed up the whole family to go see. Then the malls came. Rikes is now Lazarus. And Elder Beerman's is basically the same size fish it always was but the pond is now bigger. There are malls the size of Wright-Patterson AFB, Best Buys, Toys R Us, so much development where there used to be cornfields. There are mall anchors like Parisian that until recently Elder Beermans never had to compete with, and they are indeed snazzy stores. Beermans is the kind of place my grandma shopped at. I haven't been home much lately, but I wouldn't say their stores were bad at all, just typical and dull. They have a showpiece location on Courthouse Square, the center of Dayton. I'll have to ask my mom, the shopping expert, but I think they are fine. Hope that gives you an impression