Does Williams-Sonoma (WSM) Justify Its Price Through Future Cash Flow?

Williams-Sonoma has been a powerful wealth creator in recent years. At around US$252 a share, the question now is whether that run is still supported by the cash the business can generate. With the spotlight on its business-to-business push and a rich history in home goods, investors are asking how today’s valuation lines up with the company’s underlying cash flows. Over the past 3 years the stock has delivered a total return of 262.2%, which puts a lot of future cash flow expectations under...