I sold. I feel fortunate to have only lost about 25% of my outlay. Ames' management was far too optimistic about the year 2000 and I really would hesitate to believe any sort of guidance they come up with.However, you got in at $29 and have already lost more of your capital than I. There's not much more downside left for you compared to up. If AMES doesn't go bankrupt you have a good investment on your hands. The closing of unprofitable stores is a step in the right direction. However, it makes one wonder if the Hill's acquistition was a sound idea to begin with.So, my 2 cents is that, with no particular time frame in mind, there are 2 scenerios:1) AMES goes bankrupt.2) AMES recovers, starts earning $2.00 a share and Wall $treet gives it at least a 10x earnings valuation.Good luck!Duke.
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