Jo-Ann Stores, Inc. (JAS)

TMFmrquakeroats (87.30) Submitted: 9/8/2009 9:55:22 AM : Start Price: $23.45 JAS Score: -34.19

Rated one star.

RookieQB (< 20) Submitted: 4/3/2009 2:59:26 PM : Start Price: $16.62 JAS Score: -70.14

Its had a decent run with the bulls even with declining profit margins. it's about time for this stock to reverse course.

alphafox99 (< 20) Submitted: 9/16/2008 11:53:38 AM : Start Price: $25.85 JAS Score: -35.68

Overvalue at 25 x earnings

mcmjon (< 20) Submitted: 4/21/2008 10:54:10 PM : Start Price: $17.89 JAS Score: -105.64

ROA and ROE are awful, both short term and long term. Sentiment is terrible. Minimal leverage means the short shouldn't smoke you, like a levered short can.

sail59115 (54.80) Submitted: 4/21/2008 8:23:06 PM : Start Price: $17.89 JAS Score: -105.64

I stole this pick from GreatSatan. I think he made good pick at wrong time.

CEObuster (< 20) Submitted: 3/26/2008 10:38:57 AM : Start Price: $15.58 JAS Score: -130.77

Cons The company main products is fabrics. Fabrics are made out of oil (synthetics) or cottons and silks (naturals) both commodities that have experienced a substantial rise in prices. Sooner or later the increase in cost from the fabric manufacturers will catch up.

The price in commodities will also affect the transport. Must of the fabric and accessories come from China. Even though is purchased up to a year in advance the cost will be an issue as Jo-Ann may be locking up at higher prices in the future when a decline happens.

Add to that the store policy to remove the vending machines from the stores. Instead they are ordering soft drinks that they have for sale up front. The store should focus in the business they are and leave the soda selling to 7 Eleven.
Far more important. Employees have to be rang by a manager when purchasing an item. Making the line longer and taking manager attention from the primary job of helping the client.
On the subject of focus a board of director member Mr Rosskam that seems to be more concerned with selling his shares at every high does not help the company. It creates the impression that the insiders (Mr Rosskam family founded the company ) have no trust in the company future or certainly not the other fellow shareholders.

Pros: A rabid demographic. Their typical buyer loves the store. They will use every coupon they can (bringing value down)
However they are also a problem, I dont see the company creating a solid base of new customer.
I dont see teenagers with Ipods browsing the stores

wvwheeling (99.49) Submitted: 5/26/2007 4:34:51 PM : Start Price: $29.68 JAS Score: -37.00

Have you been in these stores? When I am, I always wonder how they stay in business - There certainly is a niche market for fabric, but the size and number of the stores are too many for such a small market. Plus look at the insiders dumping the stock like crazy over the past six months. Revenue, not surprisingly has been flat over the past three years. Maybe they can increase margins some, but the upside on this stock even given better margins seems small.

fOOLSONPARADE (98.92) Submitted: 4/1/2007 2:49:49 PM : Start Price: $27.36 JAS Score: -41.36

Who the #$%# is buying this rubbish!

If their earning release really is worth the paper it is written on then there must be a lot of closet seamstresses and clothing designers out there. Even if they did have decent sales that will take a turn as the economy slows.

Keep sewing parachutes JAS you are gonna need them when you drop.

woodisgood (89.56) Submitted: 3/13/2007 12:28:25 PM : Start Price: $26.25 JAS Score: -44.88

Over-bought for the short term. Profit takers will swoop in over the next week.

TraderJohnny (< 20) Submitted: 3/12/2007 3:35:20 PM : Start Price: $22.91 JAS Score: -64.20

It's sad, but no one wants what JAS is selling. I remember going here with my Mom as a kid.

Too bad, but the fact is times have changed and no one is buying.

TMFMattyA (93.91) Submitted: 3/6/2007 3:39:25 PM : Start Price: $22.04 JAS Score: -69.31

This small, niche retailer is suffering from poor sales and increased competition from heavyweights like Wal-Mart and Target. Its recent string of negative cash flows has forced the company to increase debt levels and issue stock. Despite these negatives, the company’s stock price is trading near its 52-week high along with a high forward P/E ratio (that is assuming the company can actually generate a profit in the future). The company might survive, but I certainly don’t see its stock price outperforming over the long-term.

DiscoJohn (99.78) Submitted: 3/5/2007 9:48:51 PM : Start Price: $21.47 JAS Score: -72.74

Even with a new CEO cutting losses, they can't cut the drop in their consumer base. I'm excited to rake this one in as it falls back to mid-2006 levels.

CRAFTKING (< 20) Submitted: 3/4/2007 3:08:12 AM : Start Price: $21.35 JAS Score: -73.10

My personal knowledge and history of the company

Jaronovsky07 (< 20) Submitted: 2/2/2007 12:02:06 PM : Start Price: $25.80 JAS Score: -49.87

Losing a considerable amount of money and doesn't look like its going to turn around any time soon.

TrendIsMyFriend (< 20) Submitted: 11/30/2006 4:01:04 PM : Start Price: $19.75 JAS Score: -87.42

From 12-18$ just because company didn't lose $$$ this yr? :)

Bye bye JAS :)