SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Ames Department Stores (AMES) -- Ignore unavailable to you. Want to Upgrade?


To: Art Baeckel who wrote (1872)8/1/2001 4:54:42 PM
From: Dan Duchardt  Read Replies (1) | Respond to of 1911
 
Art,

I know what you mean. I added some yesterday at a buck, hoping it would bounce like it did last time. My apologies to the rest of you for that <ggg>

I certainly don't have a crystal ball, but AMES is about all that is left in the Northeast that is AMES like.. Caldor is gone. Bradlees is gone. I don't claim to be a marketing strategist, or anything like that, but it seems to me it is now an all or nothing position. IF AMES can somehow survive until the economy does improve, I think their traditional customer base will spend their money at AMES rather than elsewhere, and profits will return. Seems to me they have always had the best prices for comparable items among the discount department stores around here.

The other Art can better speak to the question of what it will take for them to weather the storm.

Dan