Anyone who gets me on the phone is hard pressed not to hear me talk about how the name with the most upside (like 10x) over a ‘super TAIL’ duration (3-5 years) is RH. We outlined this in detail in our last Black Book “The Road to $2,000”. All that being said, we’re in ‘Deep Quad 4’ in a rising rate environment with a slowing consumer and mean-reverting demand in the Home Furnishings category. Does a $256 stock know this? Yeah, I think so. Is the company at the cusp of using its balance sheet as an offensive weapon to repo more than half of the float? Yeah, I think so. But we still need to risk-manage the near-term data points in fronts of us, and play the cards that we’ve been dealt.
As such, on Wed June 8th at 12:30pm ET we’re going to present a deep dive slide deck on RH analyzing key topics like the wealth effect and its impact on luxury spending, home category trends in recessionary environments, the forward RH revenue build and downside risk from macro, margin sustainability, buyback potential, and what RH is likely to report (and more notably, what Gary is likely to say) the following week. We’ll bridge that with the fundamentals across TREND and TAIL durations, and outline the risk and opportunity with the name in the mid $200s.
Call Details:
Date/Time: Wednesday, June 8th at 12:30 EDT Add To Calendar: CLICK HERE
Toll Free:
Toll:
UK: 0
Confirmation Number: 13730159
Live Video Link Will Be Provided Prior To The Call
