JoAnn Fabric stores

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12-23-2010, 04:57 PM

Linda - K.

Senior Member

Thread Starter

Join Date: Apr 2009

Location: Washington State summer, Sun City AZ winter

Posts: 701

A friend sent this to me:

http://www.bloomberg.com/news/2010-1...1-a-share.html

Anyone hear about this? Wonder what this will mean to us customers.

12-23-2010, 05:07 PM

tellabella

Super Member

Join Date: Oct 2010

Location: Toronto Canada

Posts: 1,130

Maybe they will ship to Canada..that would be nice...

12-23-2010, 05:10 PM

dkabasketlady

Super Member

Join Date: Jan 2010

Location: Lakeland, Florida

Posts: 9,856

This is probably the third or fourth post on this HOT topic today,lol!! We'll all have to wait and see if it's a good thing for us or not!

12-23-2010, 05:12 PM

kakels

Junior Member

Join Date: Oct 2010

Location: Wisconsin

Posts: 182

Hmmm, this was the first I heard. Usually it's not good when there is a buyout. Hopefully I'm wrong.

12-23-2010, 05:23 PM

Shari1967

Junior Member

Join Date: Jan 2007

Location: currently in VA

Posts: 258

This will be interesting.
I found it VERY interesting that their stock climbed 66% this year and they had no outstanding debt (at the end of the 3rd quarter anyway).
I sure hope this means some good changes, expansion in fabrics maybe not just in stores and other product.