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Microcap & Penny Stocks : Ames Department Stores (AMES) -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Tang who wrote (1590)	3/16/2000 9:14:00 AM
From: Arthur Tang	Read Replies (1) \| Respond to of 1911

Ames posted net $0.62 per diluted shares. Estimated net earnings was $0.16. Stock jumped to $21 3/4. My friend cmg made some instant money. Due to write offs and expenses of consolidating the Hills stores, earnings of $2.20/share for the fiscal of 1999 netted $0.62/share. Note that tax refund played a large part in the profit and loss statement, due to the write offs. Last quarter earnings were $1.69/share for the X'mas season. To run this year at $3.35/share estimated earnings. New store openings and continued same store revenue improvement is necessary. Good luck AMES!