WSM - Buy This Superstar Dividend Growth Stock and Thank Yourself Later
2023-09-04 09:00:00 ET
Buying well-run companies and holding them for a period of five-plus years tends to work out well for investors. While stocks can be judged on market sentiment for a while, rock-solid fundamentals can only be ignored by the market for so long.
A $5,000 investment in the high-end home goods retailer Williams-Sonoma (NYSE: WSM) made five years ago would have turned into $11,800 with dividends reinvested, showing that the company possesses the wealth-building ability of a top-notch business. This is significantly better than the $8,500 that the same investment amount put into the S&P 500 index in 2018 would now be worth.
Let's investigate Williams-Sonoma's fundamentals and valuation to better understand the case for buying this stock now.
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Buy This Superstar Dividend Growth Stock and Thank Yourself Later