Alcos Stores Inc. (ALCSQ)

[BRITT2575]

Close out sales right near the holidays will be a great thing!

[BRITT2575]

Going-Out-Of-Business Sale To Begin Friday At All 198 Alco Stores In 23 States

Nov 20, 2014 17:38:00 (ET)

--Liquidation sale will offer significant discounts on all merchandise during holiday season

COPPELL, Texas, Nov. 20, 2014 /PRNewswire/ -- After 113 years, Alco Stores (OTC-PINK: ALCSQ), a discount retailer focused on serving consumers in smaller communities with limited access to other regional or national retail chains, is closing its doors forever.

The U.S. Bankruptcy Court in Dallas approved an order today authorizing Tiger Capital Group LLC, SB Capital Group LLC and Great American Group LLC to conduct "Going Out Of Business" sales in each of Alco's 198 locations in 23 states. More than $260 million of inventory, fixtures and equipment will be liquidated during the sale, which begins Friday, November 21.

More than $260,000,000 of inventory.........

Been a lot of support at .161 maybe a run to $1.00

[BRITT2575]

ALCSQ A trio of liquidators--Tiger Capital Group LLC, SB Capital Group LLC and Great American Group WF LLC--has agreed to conduct the sales and to pay Alco an estimated $119 million, or 91% of the cost value of its merchandise.

The company's debts include $104 million owed to Wells Fargo Bank and CIT Bank, according to filings, another $15.6 million tied to leases and $24 million owed to trade vendors.
So $119 MIL in merchandise
there Assets = $222 million
Debt = $144 million

hmmmmmmm....opinions???????
This could get real interesting here as there has been support at .16 for weeks and low volume......

[BRITT2575]

A lot of buys this afternoon. I think the bottom is in and we see $2

[BRITT2575]

Bid .17 Ask .218, if this closes higher than .21 this could get very interesting, the calm before the storm now. Selling pressure is done.

[hondaboost]

You must have known ALCSQ is bankruptcy. Anything like auctions, liquidations or buyout has nothing to do with the stock itself, all the money will go to the creditors and loan banks. So, don't be too hyped about it, otherwise you'll have big disappointing.

All is just speculative trading. Once the company closes all stores, the stock will be cancelled.

[BRITT2575]

In less than 2 MONTHS ALCSQ HAS GONE FROM $9+ down to .21..... that is crazy! if ALCSQ gets bought out I bet this races to the $2-3 mark easily!

[BRITT2575]

Not I.... I was thinking someone wanted to close this green, maybe something they know that we don't like a buyout? But the 2000 shares was bought around 2:00 not EOD..... I don't know but I have a good feeling about ALCSQ , of a buyout happening, time will tell....

[hondaboost]

Be careful, guys. As the company has told 'auctions and liquidations will be made in mid-November', the stock would be cancelled once the liquidation is done and all stores are closed.

Currently, holding 10k shares to see how it's going. Very risky and few people is interested in it.

[hondaboost]

Did you buy that 2k shares?

[BRITT2575]

ALCSQ up another 20% $$$$$ on low volume, selling has finally stopped, going up from here IMO

[hondaboost]

The company says: " a bankruptcy auction will take place in mid-November 2014 "

This is scared as the stock will be cancelled when they do the liquidation and close all the stores.

[BRITT2575]

ALCSQ Stores website 100+ stores in the country been around since 1900, its like a KMART http://www.alcostores.com/

[BRITT2575]

ALCS closes up in the green 25%!!!! Almost all buys today!!! I smell a possible buyout or big bounce play

[BRITT2575]

ALCSQ UP 17% MIDDAY AND SELLING VOLUME SEEMED TO FINALLY COME TO A HALT, AS A LOT OF SHARES BELOW .16 HAVE BEEN EXCHANGED!! $$$$$$$$$ BOUNCE SOON????

[RJ Trotts]

Penny land is a blood bath for most, and most do it only for fun! Well, atleast I only do it for fun. If I totaled up the gains with the losses, I am certain it would be a wash. Ole well, it is fun, I guess I will continue to do it. It is legalized gambling, I think is a safe way of saying "day trading penny stocks."

[janitor_unbound]

gotcha. I followed you.

[janitor_unbound]

OK, definitely appreciate your perspective. EWSI was a disaster, much like NEWL. Didn't kill me but lost a ton. I was away from trading for a couple of years before last year and things have changed in pennyland. More dangerous than ever.

[TracFoneDaddy]

I will do it again you will see 100. cheers

[TracFoneDaddy]

If u look now it's 99

[TracFoneDaddy]

I was watching it for a very long time the same with ewsi. There are plays that seem to bounce well but when u have greedy bastards that sell it down at every level, best to be cautious. Played drop a while back before RS with limited success. I just think the bottom is a bit lower. BOL and keep them coming!

[janitor_unbound]

hehe thanks, I'll get you back after this post. I was at 101 last week but must have scared a couple off, lol.

[janitor_unbound]

thanks, and tell me what you know about DROP, I'm doing my best but can't find much!

[TracFoneDaddy]

Btw number 100came from me. Cheers

[TracFoneDaddy]

JU ur my favorite clean up man along with impacto. Be careful with DROP . I know u playing the charts and bounce but that pos will head down much lower imo.

[BRITT2575]

ALCSQ A HUGEEEEE BUY below .20 when this takes off its gonna fly to .50+ veryquicklY AS THERE IS VERY LITTLE RESISTANCE!!!! gOODLUCK TO ALL WHOS IN!!!

[janitor_unbound]

or do a CRMBQ

[CopperNickels]

This could jump up ten folds if the right company buys them out?

[hondaboost]

Texas-based ALCO Stores (Nasdaq: ALCS) operates 198 general merchandise discount stores in 23 states. The company filed for Chapter 11 bankruptcy protection October 13, 2014 and is seeking to find a "going concern" buyer of the business. If ALCO is unsuccessful in securing a buyer of the business, a bankruptcy auction will take place in mid-November 2014 with Great American Group along with joint venture partners SB Capital and Tiger Capital selected as the stalking horse bidder.

[hondaboost]

ALCSQ, financial out: Loss: $40 M, or $13 per share, Too Vast. Now, understood Why it filed BK.

[BRITT2575]

HUGE BUY! Look at the chart insert-text-here

[BRITT2575]

Exactly!! This stock is due for a good bounce, chart looks very healthy for a turnaround alot of shares have exchanged hands, I only have a few thousand shares but am looking forward to a good price rise action!!!! Someone will buyout this company IMO, over 100 stores!

[hondaboost]

Wow, ALCSQ, $0.29 from High as $13.98.

OS: 3.2 m, market values: $1.2 m, while it has 200 stores with $430 Million revenues.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10213702

ABOUT ALCO STORES

Founded in 1901, ALCO is a broad-line retailer, primarily serving small underserved communities across 23 states, which specializes in providing a superior selection of essential products for everyday life in small-town America. The Company has 198 ALCO stores that offer both name brand and private label products of exceptional quality at reasonable prices. ALCO is proud to have continually provided friendly, personal service to its customers for the past 113 years. ALCO has its corporate headquarters in suburban Dallas, Texas, and its distribution center in Abilene, Kansas. To learn more about the Company visit www.ALCOstores.com.

[BRITT2575]

Up 17% , low volume.....

[BRITT2575]

Delisted.... Is this good news, new been in transition with a stock being delisted. My etrade account says $0 for share price and -100% -$1700.......... Uh oh

[Renee]

ALCS delisted from the Nasdaq to the OTC. New ticker ALCSQ:

http://www.otcbb.com/asp/dailylist_detail.asp?d=10/21/2014&mkt_ctg=NON-OTCBB

[penknee]

Filed for bk. short em if you got em.

[axmaster]

BACK TO $1 IN A COUPLE DAYS NICE PLAY

[axmaster]

TIME FOR THE BIG OLE BOUNCE

[invergriego]

what's going on.......any news?

Thanks Gracias

[penknee]

They said the split was amicable, but it's usually not a good thing.

[Bustajoy]

Is that good or bad?

[penknee]

Resignation of Mr. Brian Assmus as Vice President - Controller

On October 6, 2014, Brian Assmus provided notice of his resignation as Vice President — Controller, Treasurer of ALCO Stores, Inc. (the “Company”), effective on October 17, 2014. Mr. Assmus’ resignation is not the result of a disagreement related to the Company’s operations, policies or practices. Mr. Assmus is the Company’s principal financial and accounting officer.

[penknee]

Good support at $2 now. Let's see if she can bounce.

[HD3369]

wtf is going on here l2 was messed up all day this better bounce soon like Tomorrow i'm kinda pissed

[HD3369]

ALCS def some major buying going on all day right around that 2.00 level. what do you think is up with that? I hope this rips green hard tomorrow

[stock1ace1]

((CHART))

[stock1ace1]

Bounce Time ~ Higher Low's Forming ~

[HD3369]

ALCSSSSSSS LETS GOOO BOUNCE WHATS THE STORY HERE PEEPS

[Emerging Growth]

Alco Stores, Inc. (NASDAQ: ALCS)

Read more at http://EmergingGrowth.com

Small-cap retailers abound in today’s market and, if chosen wisely, can offer nice long-term options for the savvy investor. With the fiscal cliff averted and the jobless rate falling at a decent clip, discretionary spending is loosening and small-cap retailers are likely to reap the benefits. Of course investing in small-caps has its risky side. Stocks on the Russell 2000 index of small companies sell for about 20 times 2013 earnings forecasts. But this is where you, as an informed investor make good choices and get compensated for the high risk with higher returns. Following are a few options that may or may not be good choices in your quest for less volatile small-cap investing in the general retail sector.

ALCO Stores Inc. (NASDAQ: ALCS) is a general merchandising retailer operating in the Midwestern portion of the United States. The company operates 217 stores located in 23 states and its merchandise ranges from automotive items to toys and just about everything in-between. The company prides itself on being small town oriented and customer-centric. ALCO has a market cap of $27.59 million and is currently trading at $8.47 per share. Though the company reported a loss in Q3 2012, CEO Richard Wilson noted that it directly tied into on ongoing drought in rural areas across the region. Net sales were up and gross margins showed improvement.

Gordman’s Stores Inc. (NASDAQ: GMAN) is an Omaha based apparel and home décor retailer. The company has a market cap of $232.16 million and shares are currently trading up at $11.93. The company was downgraded today by TheStreet Ratings from hold to sell. GMAN has overwhelmingly underperformed when compared to that of the S&P 500 and also underperformed when compared to the Multiline Retail industry average on whole. Net income has slumped by 15.9 percent compared to the same quarter in 2011, dipping from $4.75 million to $4.00 million. In addition earnings per share were down 16 percent year-over- year. Clearly this is a company with issues that need to be sorted out.

Fred’s Inc. (NASDAQ: FRED) operates 680 discount general merchandise stores and pharmacies primarily in the South. Though sales were somewhat off in December, which was the norm for a number of retailers, analysts and investors are not overly concerned. Fred’s expects much improved sales in future months aided by increased promotional efforts in specialty drugs and clinical services. The company has launched discount tobacco programs a new Hometown Auto and Hardware program which should help store expansion and boost comparable store sales. The company has a market cap of $480.34 million and is trading at up at $13.14, a nice entry point in a very solid company.