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Author: ccw Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 43  
Subject: Jo-Ann Stores, Inc. Date: 12/6/1998 8:44 AM
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This is a cyclical stock. Their history shows quite an up and down every year, but this year is more radical. Part of the drastic movement was the stock market itself. Part of it was the announcement in October that they would not make the expected third quarter earnings due to all the recent acquisitions. It was also announced at that time that they would make fourth quarter earnings and I believe they surely will. One of their goals for the fiscal year, ending January 31, 1999 was to make a billion dollars in sales. They hit that last Friday, December 4th.
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