I won’t bore you with statistics like a 2.5 PE ratio or increased YoY sales or institutional ownership. Instead I’ll be focusing on what really matters: anecdotal evidence.
I know a group of people who like to get together and do gay shit like arts and crafts. I asked them which retailer they like best. Far and away it was Joann Fabrics. Apparently other craft retailers just don’t have the selection like Joann does. Some of these people said they will drive 30 minutes extra just to go to Joann rather than a closer supplier like Michael’s.
I knew a woman once named Joann and she had big tits. Big tits = big profits because sex sells. Who would buy from some asshole named "Michael" when Joann is over here busting out of her top?
With schools opening back up, what do you think kids are gonna be doing when they get back? That’s right, building popsicle stick houses and shit. Who sells that? Joann.
If you aren’t investing in the red hot sector of arts and crafts, I feel bad for you.
via r/wallstreetbets https://ift.tt/3qhG8Zq
June 2, 2021 at 09:22AM