Dow (DOW) Stock Could Look Reasonable After a 43% Gain

Dow has delivered a strong 43.5% return over the past year, which puts a spotlight on a simple question for holders and potential buyers alike. Are investors now paying a price that is fully backed by the cash this business is expected to generate over time, or have expectations moved ahead of the underlying stream of dollars? The 43.5% gain over the last 12 months puts recent enthusiasm for Dow to the test because it raises the bar for what its future cash flows need to justify. The...