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

To: Eric mulay who wrote (1594)	3/30/2000 7:55:00 AM
From: Arthur Tang	Read Replies (1) \| Respond to of 1911

AMES was hot for rumors of taking over other stores, some southern, some jewelry. Overbought resulted, and the stock tanked. Was that Wall street's way of telling the AMES management; you can not use leveraged stock to buy bad locations or bad chain stores? Hills was bought, not by leveraged buyout; AMES is still stuck with the high debt. Ames is now on a course of picking good locations of closed stores. Good luck on 460 stores and more to come this year for a $3.15 earnings projection.