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JOAN - JOANN Is In Value Territory But Faces Inflation Pressures
JOANN Inc.
JOANN went public in March 2021, raising around $131 million in an IPO.
The firm is a prominent retailer of arts and craft supplies in the United States and overseas.
JOANN has been negatively impacted by the pandemic and the stock has been beaten down to value territory.
However, I'm cautious about the ongoing effects of inflation costs and supply chain inefficiencies on its business, so my near-term outlook is Neutral.