WATCH THE REPLAY BELOW
Friday morning at 10:00 am EDT we’ll be hosting a live broadcast about RH for Hedgeye Retail subscribers. Specifically, our retail team has done a lot of research on RH since its latest melt-down – including a well-timed visit out to RHQ on the West Coast. With the stock in the mid-20s – below the IPO price of $29 and 75% below its peak – there’s a completely different set of questions to be answered about the viability of this company versus even two weeks ago. Simply put, things like organizational changes and the simple ability to execute on a business plan that pivots every six months are a lot more important than store openings or solid lease economics.
The nuances are far too detailed for a standard research note, so our team, which has been extremely bullish – and extremely wrong, will ‘face the camera’, so to speak, and address the RH story that they see today -- both the pros and the cons. They’ll spare everyone from the prevailing discussion on the name, and will focus on what’s new and relevant.
Here's the format…
Brian McGough and Alec Richards will trade thoughts on what they learned since the latest melt down a week ago – including what they learned at RHQ. The team will prepare very brief comments (5-8 min max), and then launch into Q&A with a hard stop at 10:30EDT. Post your questions for the team in the comment box below the video player.
