Scrapbooking Index

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From Barron's 4/30/07

"Scrapbooking has -- can you believe it -- morphed into a $3 billion business in the $30 billion crafts industry, but much of the growth may already be factored into the stocks. A.C. Moore shares have rallied 42% since last summer to trade at more than 22 times forward earnings, while Jo-Ann has soared 148%, for a multiple of 30. The stocks also have been helped by takeover talk ever since Michaels was taken private last year."

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