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Restoration Hardware (RH) took a hit yesterday despite a solid quarter. The Street is not happy about the lack of guidance on the stock and short-term events that cause disruption a la Hurricane Sandy and the West Coast Port Strike. Nonetheless, we believe the company is executing well on its growth strategy and have confidence that the stock could be at $62 a share in two years, $51 in one-year out. We’ll be a buyer of RH on down days.

RH: The Right Stuff  - RHsetup