Over the last 12 months, WSM has generated $48Mn of free cash flow, but $25Mn has been from stock comp add back. Deduct this, and the co. is trading at 100x FCF! Huge capex outlays while revenues are declining. Depreciation looks understated, inflating reported profitability. This stock should be in the teens.
you are wise beyond your years young man, stock analysts are not allowed to take accounting 101, most have degree's in music or Art History. As we can all see, as July ends, you were quite correct and the GREAT SANFORD C BERNSTEIN,can't out predict a 31 yr old New Yorker. And they pride themselves on their research dept ?!?!?!?!?! Teens yes, maybe even low teens, no one is running to buy over priced furniture with dated designs and absurd shipping charges.