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

To: andrew feldman who wrote (926)	1/26/1998 8:09:00 AM
From: Arthur Tang	Respond to of 1911

Thank you, Andrew. You ask a question that needs to be addressed fundamentally. Year 2000 is not a problem with retailing software. Economy continues to improve. We are building a $10 trillion dollar economy. AMES's base of Golden55 had a 2.1% income increase this year. Since their traffic is much better; the growth with existing store will be impressive. If they do not close stores but open more stores, revenue growth will also be proportional. Limited upscaling is successful, especially in fast turn over. Secret of discount and upscale is that discount is low profit margin. Upscale is higher margin, but turn over by clearance. Makes more interesting and fun place to shop. Builds traffic and volume as well. Limited is fewer quantity in each item, so the store is always changing merchandises. Stores do not have to remodel; because every week the store looks like a new store with new merchandises. AMES will cultivate more vendors, but not buying directly from asia or else where. "Just in time concept" is used in limited upscale approach to have new merchandises available within hours. Hope they will get close to 2400 vendors in this country this year, from 1200 last year, from 300 previously. I hope this answers your fundamental question, without limiting AMES's growth projection.