Based on the aggregated intelligence of 145,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, craft-supply retailer Jo-Ann Stores (NYSE:JAS) has received the dreaded one-star ranking.

With that in mind, let's take a closer look at Jo-Ann's business and see what CAPS investors are saying about the stock right now.

Jo-Ann facts

Headquarters (Founded)

Hudson, Ohio (1943)

Market Cap

$891.7 million

Industry

Specialty stores

Trailing-12-Month Revenue

$1.96 billion

Management

Chairman/CEO Darrell Webb (since 2006)
CFO James Kerr (since 2006)

Compound Annual Revenue and Net Income Growth (Over Past 5 Years)

2% and 4.5%

1-Year Return

164%

Cash / Debt

$97.7 million / $47.5 million

Higher-Rated Retail Alternatives

Wal-Mart Stores (NYSE:WMT)
Costco Wholesale (NASDAQ:COST)
American Eagle Outfitters (NYSE:AEO)

CAPS Members Bearish on JAS Also Bearish on

General Electric (NYSE:GE)

CAPS Members Bullish on JAS Also Bullish on

Amazon.com (NASDAQ:AMZN)
Overstock.com (NASDAQ:OSTK)

Sources: Capital IQ (a division of Standard & Poor's) and Motley Fool CAPS.

On CAPS, 56% of the 181 members who have rated Jo-Ann believe the stock will underperform the S&P 500 going forward. These bears include 00101 and All-Star mrindependent, who is ranked in the top 2% of our community.

Just two weeks ago, 00101 crafted a relatively balanced take on the stock, but still came out bearish: "Downthumb. Good cash flow. Low sales growth. Low to nominal debt ratio. High margins. Appears overvalued. Has raised earnings estimates and provided estimates too far into future."

In a pitch from late last month, mrindependent thought that Jo-Ann's price performance was looking a bit threadbare:

I personally think the 200% price runup this year [from 52-week low] is unjustified. This company is currently selling for 1.8 times book value despite the fact that its 5 year roe is a dismal 2.8% and sales growth is non-existent. … The future success of this company is baked into the price. Any disappointments are likely to be punished severely. The company has very little debt. Thus, there is no solvency risk.

What do you think about Jo-Ann, or any other stock for that matter? Make your voice heard on Motley Fool CAPS today. The CAPS community is waiting to hear your opinions. CAPS is 100% free, so get started!  

Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Costco and Amazon are Motley Fool Stock Advisor picks. Costco is also an Inside Value choice, as is Wal-Mart. The Fool owns shares of Costco. The Fool's disclosure policy always gets a perfect score.