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No. of Recommendations: 1
I'm in at 6, and 4 for 2700 shares. I think they need to post some positive news in the very near future. Even flat same store sales would be a positive in this environment. The price of gas needs to go down 15 to 20% to help this stock too. Lower income people feel the pinch of that quicker then most. I live in Connecticut and the stores are busy! Hopefully cutting the fat will make for a nice return when interst rates go down and gas goes down. They will eventually (cyclical) Ames just has to survive the next 6 to 9 months. Don't see the stock doing much until then. It could double in a day on good news plus 5 million shares are being shorted so that would pop the stock as well.
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