A.C. Moore Arts & Crafts (ACMR)
The Company is a retailer offering a selection of arts, crafts, and floral merchandise demographically to a large group of consumers.
Recs
supercoffee
(83.99)
Submitted: 10/6/2008 2:32:35 PM :
Start Price:
$5.35
ACMR Score:
+50.75
arts and crafts people are not buying it
Recs
TMFBuck
(81.58)
Submitted: 9/17/2008 3:52:34 PM :
Start Price:
$6.95
ACMR Score:
-51.12
This stock has the potential to generate real nice cash flows. The new management team is shuddering stores, going to a perpetual inventory system, streamlining distribution, and launching new concepts. Despite the poor macro economy I think they are a much stronger company. With a few years worth of patience I believe we'll see margins and cash flow improve dramatically. If that comes true the stock price will follow.
Recs
TheRupturedDuck
(98.32)
Submitted: 4/16/2008 10:24:37 PM :
Start Price:
$6.83
ACMR Score:
+36.73
From my short ideas/valuation screen
Recs
LetterA
(22.68)
Submitted: 4/6/2008 2:57:33 AM :
Start Price:
$6.73
ACMR Score:
-34.99
Testing a portfolio of companies that start with the letter "A".
Recs
mojo2007
(37.84)
Submitted: 3/21/2008 11:42:25 PM :
Start Price:
$5.60
ACMR Score:
+28.27
Overvalued, overweakness, high competition, threat of being delisted. Plus, arts and crafts supplies aren't cheap, I'd imagine there aren't many arts and crafts stores doing so well with the economy chugging along in first gear. I see ACMR as a penny stock unless they make significant changes across the board.
Recs
thearistocrats
(69.72)
Submitted: 3/2/2008 9:46:28 PM :
Start Price:
$8.56
ACMR Score:
+48.50
overvalued
Recs
ImmortalThanos
(65.41)
Submitted: 2/22/2008 5:35:39 PM :
Start Price:
$8.55
ACMR Score:
+46.94
When the country is in a rut, the last thing people spend their extra money on is arts and crafts. Unless you're in the crafts business (and if you are I feel sorry for you), you're not going to be spending tons of cash on craft materials. A.C. Moore has tanked since April of 2007 and it doesn't look like the plunge is over yet. They just reported a sales drop, which sent investors into a panic and dropped their value twenty cents a share almost overnight. Stay away!
Recs
loseurmoneyplaya
(65.29)
Submitted: 2/21/2008 8:49:44 AM :
Start Price:
$9.38
ACMR Score:
-49.55
down almost 30% in one session. Revenue for the year only down 5%. You smell that? Thats the smell of panic.
Recs
spacemonkey69
(< 20)
Submitted: 1/3/2008 2:50:49 PM :
Start Price:
$11.95
ACMR Score:
-52.17
reaching their all-time low,fundamentals are good(lowp/e) ....and im buying!!
Recs
solutions1
(< 20)
Submitted: 3/5/2007 1:02:29 PM :
Start Price:
$19.54
ACMR Score:
+67.71
The only number that improved was debt.
Recs
PeteyDaddy
(68.91)
Submitted: 11/21/2006 10:38:36 AM :
Start Price:
$21.51
ACMR Score:
-67.90
Crafts are hot, especially around the holidays.
Recs
NetscribeRetail
(90.74)
Submitted: 10/18/2006 7:06:10 AM :
Start Price:
$21.39
ACMR Score:
-69.90
‘Come winter, and A.C. Moor is all set to Bloom’.
A.C. Moore Arts & Crafts, Inc. operates as a specialty retailer of arts, crafts, and floral merchandise in the eastern region of the United States. The company was co-founded by John E. Parker in 1984 and is based in Berlin, New Jersey. Its customers include principally women, aged between 25 and 55. As of December 31, 2005, the company operated 109 retail stores.
The market size according to a Study by Craft and Hobby Association ("CHA") was approximately $30.6 billion as a result of a 3.8% annual growth since 2002, and that majority of the market comprises Moor’s target market.
The company intends to accelerate opening custom framing department with 48 stores planned year-end versus previous plans of 37 (including the current 25 stores). This is estimated to add at least 1% to comparable stores during 2H06. Moor’s average sales per square foot were $241.0 for the FY-05, which is one of the highest in the industry. The company has faced decreased yarn demand in the market in the 2nd and 3rd quarter, yet bounced back with a better mix of merchandise sold increasing margins by 0.3%. Efforts towards rationalizing distribution cost have added another 0.3% to its margins.
Company ended 2Q06 with total number 114 stores, having opened 4 in 1Q06 and 1 in 2Q06. For 3Q06 the company will open 5 new stores and relocate 1, and in 4Q06 plans are for 5 openings; bringing total openings to 13-16 for FY-06.
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