In this edition of ValueTeddy’s writeups, we are taking a look at Joann, the sewing, fabric, and crafts retailer. From a single store in Ohio founded in 1943, to the leading US fabric and craft retailer, JOANN operates approximately 850 stores in nearly every state. The company went public in march of 2021 at 12 USD per share, raising about 77 m USD in cash. All of this cash was used to pay down debt that was coming due in 2024. Before we get more into the debt situation, lets take a look at the income and cash flow statements.
JOANN (JOAN)
JOANN (JOAN)
JOANN (JOAN)
In this edition of ValueTeddy’s writeups, we are taking a look at Joann, the sewing, fabric, and crafts retailer. From a single store in Ohio founded in 1943, to the leading US fabric and craft retailer, JOANN operates approximately 850 stores in nearly every state. The company went public in march of 2021 at 12 USD per share, raising about 77 m USD in cash. All of this cash was used to pay down debt that was coming due in 2024. Before we get more into the debt situation, lets take a look at the income and cash flow statements.