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

To: dougjn who wrote (781)	11/18/1997 5:25:00 AM
From: Arthur Tang	Read Replies (1) \| Respond to of 1911

Thank you, dougin. You must look at more "Value Line" charts and understand 300%/year gains is not unusual. Regarding AMES, we have added above "events", "golden 55", "bargain by the bagful", and store decor; with "limited upscaling", "clean and bright", plus "fun to shop". Now we are looking at their interest rate being too high at Bank of America. AMES growth will come with some more upscale customers but not losing any base customers. AMES earnings are from efficiency in POS system, loyal and helpful employees many parttime( they now rotate employees in the same store for better training), purchasing dept. developing vendors(limited upscaling got them 1200 vendors from 300 of bargains vendors), and vendors' credit to reduce borrowing at high interest rate. Right now, earnings are more steady and if they have less stores to close in 1998, AMES will indeed do well. However, proactive stockholders are still looking for some areas that AMES can do even better.