I recently purchased 150 shs. of Jo-Ann Stores at 22 and it has dropped quite quickly to just over 16. They recently bought out House of Fabrics and have real potential to totally dominate the fabric, and arts and crafts business with no competition and I was wondering if so many of there products coming from Asia and increased costs in getting their merchandise here on time has impacted the stock. I have seen no alerts posted. Any information in last few days of interest. On Wall Street Week a couple weeks ago the stock was mentioned as potential to be another "Home Depot"? Any info to back this up or refute it? Thanks
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