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

To: Market Tracker who wrote (1040)	3/16/1998 3:11:00 PM
From: WinnerSBW	Read Replies (1) \| Respond to of 1911

Gary, Thanks for that synopsis. What should Ames do with all of that cash that it is building up from the additional paid in capital ( from income tax provision) ? What can Ames shareholders do pro-actively to encourage the board to offer Ettore a contract extension past 1999? We like him.. don't we? Arthur, Any recommendations on how to help Ames get more market makers involved in the stock? In a small way I feel like I have done some good with the contacts that I have in the investment world. I have been meeting with my broker at Smith Barney during the past two years reviewing Ames as an investment. I have opened his eyes to the stock and I know for a fact that he has been recommending it to his clients. It might be coincidence, but Smith Barney has recently emerged as one of the lead market makers in the stock. My brother in law runs one of the multi billion $$ mutuals at Fidelity. He gets an Ames earful from me every time I see him. Ames is way too small for his fund but I am hoping that he will provide some sort of intra-Fidelity awareness to those who can buy it. He has not seen any interoffice report on Ames as of yet. He did comment to me this past weekend that retail is very hot right now and the fund managers are looking for the undervalued companies to park their ever expanding cash pool. Bye for now. Barry

To: Market Tracker who wrote (1040)	3/16/1998 7:55:00 PM
From: Arthur Tang	Respond to of 1911

Thank you, Gary. Great review. The lease dept. may be Jewelry, which most are run by outside vendor. LIFO and FIFO are proper for inventory valuation depending on whether you have old inventory which is much cheaper than new but same products which cost more now. In inflationary times you have to have LIFO. FIFO is for no inflationary trend. If recent inventory purchases have changes in cost, higher or lower, then LIFO is better representing the inventory value. If inventory turn over is fast, then it does not matter much. CFO is not important; the president or chief accountant can do the job fine. Especially if the computer system and accounting software has been proven. Audit trail and most of the CPAs can do most of all the financial planning and efficiency advise.