Williams-Sonoma competitive advantage comes from its premium product portfolio, scaled e-commerce business,supply chain and their digital platform. Also they’re popular amongst suburban women. Most of their stores are located in upper-class neighbourhoods
Great article. Turns out the stock more than doubled again. another error of omission. Stupid discussions around RH & W let me think that Williams-Sonoma did not have a competitive advantage & deserved such a low multiple.
We learn from our mistake. At the end of the day there were a lot of things investors missed when it came to this company. One of them is quality ceo and the cult following this brand has on its target market.
I disagree on the valuation front. 2021 & 2022 seem like 2 years of peak/over earnings. Given the discretionary nature of the spending, I think it's trading at an adjusted 8% yield rather than the quoted. 12%
Not a screaming bargain but still a decent buy. Good analysis.
Does is have a durable competitive advantage over its competitors?
Williams-Sonoma competitive advantage comes from its premium product portfolio, scaled e-commerce business,supply chain and their digital platform. Also they’re popular amongst suburban women. Most of their stores are located in upper-class neighbourhoods
Great article. Turns out the stock more than doubled again. another error of omission. Stupid discussions around RH & W let me think that Williams-Sonoma did not have a competitive advantage & deserved such a low multiple.
We learn from our mistake. At the end of the day there were a lot of things investors missed when it came to this company. One of them is quality ceo and the cult following this brand has on its target market.
I thought the aggressive sales tactics of Wayfair & RH would potentially hurt WSM. Not convinced WSM was different enough.
Like your checklist btw!
I disagree on the valuation front. 2021 & 2022 seem like 2 years of peak/over earnings. Given the discretionary nature of the spending, I think it's trading at an adjusted 8% yield rather than the quoted. 12%
Not a screaming bargain but still a decent buy. Good analysis.
thanks for your assessment. much appreciated
Great one again! I’m happy I already owned this company
Thanks I appreciate it. It is a solid company and well run. Definitely one to hold onto for the long run
Thanks Gordon as usual? Got any thoughts on this company?