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If you read my earlier posts in this board you'd find out I was a WSM share holder for about a year. I bought at $30 (sometime in 99) and sold a year later half at $45 and half at $32. I like the company and its products, but at more than 50X earnings I don't see the upside. The financial discipline that the new CEO has to bring is substancial. WSM has a net margin of less than 5% and most of it is because of the holiday season without which this company would be barely profitable.

Just my 2 cents.
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