Is TJX Companies (TJX) Above Fair Value on Cash Flow?

TJX Companies has delivered a powerful long haul return, and that kind of gain naturally raises a blunt question for you as a shareholder or potential buyer. Is the current market price really aligned with the cash the off price retailer can generate over time. Over the past 5 years the stock has returned 142.7%, which puts a lot of weight on whether the underlying cash flows are strong enough to support that kind of share performance. The business model relies on turning inventory quickly...