"JAS.A is a national specialty retailer serving the fabric and craft industries. The Co. provides fashion, decorator, quilting and craft fabrics, notions, patterns, craft components, silk and dried flowers. For the FY ended 2/3/01, sales increased 7% to $1.48B. Net loss totaled $13.6M vs. an income of $25.6M. Results reflect increased same store sales in the softline and the hardline businesses. Loss reflects a $23M inventory markdown charge."I don't see bankruptcy signs, except in the stock price. The share price is remarkably low, at only 29% of book value. Harley-Davidson's share price is over 8 times the book value. GM is 1 times. JP Morgan Chase is 2 times. Of course, all those companies are well-managed (maybe) and making more money than they're spending. Joann's has debt, but less relative to equity than GM or Ford.One problem is it just doesn't get much attention from investors.
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