TheStreet.com RealMoney

Jo-Ann Stores Looks Like a Winner

By Vincent Farrell Jr.

 About this article:
 I continue to worry about the financial health of the consumer and believe the savings rate will rise from the current level of 3.3%. The long-term 70-year average for the savings rate is above 8%. I don't know if it will go that high, but personal balance sheets need to be repaired. Consumer companies that offer solid value propositions should continue to do well. Jeff Stein of Soleil/Stein Research continues to recommend Jo-Ann Stores (last sale around $30.85, 52-week range $32.21- $10.31), a company that focuses on the craft and fabric trade. With Wal-Mart exiting the fabric business, the competitive environment is favorable for JAS. The company reported a solid quarterly same-store comparison of +4.3% yesterday, following the last two-quarter comparisons of +1.8% in Q2 and +1% in Q1. The stock printed a new 52-week high today. Jeff has raised his estimates for this year...

You have just read the beginning of a premium article from our RealMoney Service. To read the rest of this article and sign up for a FREE trial please click below.

ACCESS STORY & START A FREE 14-Day Trial
Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET.
Outside the U.S. and in Canada, call 1-212-321-5200.



Already a RealMoney subscriber? LOG IN.
Username: Page data is submitted securely.
Password:
Forgot your Password? Click here


100% Money-Back Guarantee
If you decide to subscribe and you're not completely satisfied with TheStreet.com RealMoney, just call us within the first 30 days of your subscription and we'll refund your full annual subscription price — guaranteed.




If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.