Another great article - thanks for bringing this company in my radar. It will be interesting to see if and to what extent the enviable margin profile holds up against the tariff pressures. Perhaps their strong branding can allow higher pricing for more premium buyers at the top of their brand ladder, but some margin compression looks inevitable.
Great writeup, amazing company and it’s not everyday that we see such great profitability ratios. The current valuation feels a bit steep for it’s historical average. It’s currently trading at it’s highest multiple ever, and I struggle to justify it’s current premium based on quality alone.
Thanks for bringing this company to our attention, very well articulated.
Very well written. Thank you!
WSM is a gem. It returned 100% plus for me, unfortunately it was a small position.
Amazing company, but too expensive..
Another great article - thanks for bringing this company in my radar. It will be interesting to see if and to what extent the enviable margin profile holds up against the tariff pressures. Perhaps their strong branding can allow higher pricing for more premium buyers at the top of their brand ladder, but some margin compression looks inevitable.
Looking forward to your next article!
Great writeup, amazing company and it’s not everyday that we see such great profitability ratios. The current valuation feels a bit steep for it’s historical average. It’s currently trading at it’s highest multiple ever, and I struggle to justify it’s current premium based on quality alone.