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No. of Recommendations: 2
It's quite simple really!
Ames has gone through a rough time.and the first quarter is going to be very weak also but the stock has already discounted that.
By next year it will work through this trouble.
The street looks 6 months ahead on a stock and it's almost may already.
Also institutions still hold almost 50% of the stock and if they thought it was gonna die they would of bailed out a long time ago.
Let me ask you this! there's alot of shareholders of this relatively small retailer out there.If even half of you started shopping there it would drastically increase their sales and therefore increase the stock price.Also maybe you can talk a few family members into trying it.
I have to admit being a wal-mart regular shopping at ames can be inconvenient with the lower inventory but i'll give it a try for awhile to do my part in increasing sales.I've even talked 2 friends into going there for some things also.I've even put my money where my mouth is buying a significant amount of shares at 1.9. and talking friends into jumping in at 2.Do the math:Ames at 2 with an easy upside potential of 8-10 by years end 400-500%gain or walmart at 52 with an upside potential of 60-70 by years end 20-30% gain.hmmm... let me think! =0) hope this helps all you lost souls!
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