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Author: dukeofnowhere One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 85  
Subject: Re: Is Ames going in the tank? Date: 12/9/2000 1:59 PM
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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!

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