Alan Brochstein, CFA
Contrarian, growth at reasonable price, management change, cannabis stocks

Williams-Sonoma: Unappreciated Housing Recovery Play

Williams-Sonoma (NYSE:WSM) is perhaps the best multi-channel retailer, excelling with catalogs, online or through its stores across several different brands. The company wrapped up a challenging fourth quarter with a solid beat driven by a robust performance in January and provided reasonably strong guidance for 2013 and beyond, setting the stage for what will likely be a breakout to all-time highs based on after-hours trading. Based on continued execution and modest valuation expansion due to a better appreciation for several growth drivers, the stock could appreciate to 62 over the next year.


Based in San Francisco, WSM was founded in 1956 by Chuck Williams, who still serves as a Director Emeritus, as a single store in Sonoma,...

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