The problem with Ames is poor upper management decisions. There mistake was thinking that they could turn around the Hills Stores. The Hills stores were dead weight for the stronger Ames stors. The Ames finacial reports showed that they did 7% less business this year, if not for the Hills stores they probally would have made money.The local store managers are very helpfull when I have had problems. The stors are neat and well supplied. In New York and Philidelphia two large discount stores went out of business, Caldor and Bradles. These customers are "up for grabes". I live in New York and travel to Philidelphia often, and the Ames presents has grown significantly and there presents is positive for the communites. There is opportunity for this company if they can progess in other suburban areas like they have done in New York and Phil. I also know that stors will open in Chicago.The one good thing about Ames upper management, is that they have brought there company from low points before up to a $30 per share value. I just hope they can do it again.My plan is to track this stock closly for the next nine months. I will make my purchase when the stock show steady upward movement.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar