Buy the stock!.Gary Friedman Chairman and CEO of Restoration Hardware gave a first ever video presentation to start off their Q3 earnings call – and it was very impressive…
In my last tweet on $TSCO mentioned that the 4 wall paradigm has to change from a just a shopping trip to a ‘retail experience’ – other wise you may as well stay at home and shop online…RH’s stores in Atlanta and LA seem to give you that experience of how to interior design your home – not just go from the bedroom department to the bathroom department…
Watch the video – Dave Lewis CEO of $TSCO should watch it too..
$RH stock is on the expensive side at $93 up over 30% this year.
FV=65 implying 20% growth over 5 years more in line with companies guidance.
Wait for a pull back to 65-70 area, or if you are impressed with Friedman buy some here and hold for long term and hope for some pull backs to get more lower down.