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The Week Ahead

 

The Economic Data calendar for the week of the 16th of December through the 20th is full of critical releases and events.  Attached below is a snapshot of some (though far from all) of the headline numbers that we will be focused on.

 

The Week Ahead - week



To Show Spine, Or Not to Show Spine...

Takeaway: No, I don’t think Ben Bernanke has the spine to taper in December.

To Show Spine, Or Not to Show Spine... - doll99

I sent out the US Dollar short signal on its bounce to lower-highs (within bearish TREND) yesterday. No, I don’t think Ben Bernanke has the spine to taper in December.

 

This is one of the few times I would be more than happy to be proven wrong. The Fed should have tapered three months ago. 

 

We might get one hell of a Buy-the-Damn-DollarDown stock market pop next week if Bernanke Burns The Buck (again). 

 

To Show Spine, Or Not to Show Spine... - drake1

Editor's note: This is a brief excerpt from Hedgeye CEO Keith McCullough's morning research. Click here to learn more about how you can subscribe.


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Flash Call: RH - Buy The Gift (Replay)

Takeaway: RH - Buy The Gift audio replay. In case you missed it, or want to hear it again.

Below is the link to the audio replay of the Flash Call on Restoration Hardware (RH) we hosted at 10:30am EST.

 

Audio Replay Link: CLICK HERE 

 

What we covered on the call:

  1. Co-CEOs don't work. They never have, and they never will.
  2. The only reason why Carlos has 'CEO' on his business card is because Gary Friedman was forced to step down and take a different role due to his extracurricular activities. That's when Carlos got what he wanted -- the CEO role. 
  3. The reality is that most investors have only spent time with Carlos, but Karen Boone (CFO) is less replaceable in our opinion. Though they'll probably get someone to replace Carlos (it's a pretty appealing job -- many will want it) they can certainly continue to execute without him.
  4. Oh, and the fundamentals look phenomenal. We raised our long-term EPS estimate to $10 from $8.50. There aren't many 25% top-line growers in Consumer and this is one of them.  
  5. We see 40%+ EPS growth over the next 3-5 years and RH is trading at ~20x our next year (2014) estimate in the pre-market. We haven't seen a disconnect between reality and reaction this significant in years. 

Flash Call: RH - Buy The Gift

Takeaway: Please join us for a Flash Call on Restoration Hardware (RH) today December 13th at 10:30am EST

Please join us for a Flash Call on Restoration Hardware (RH) today December 13th at 10:30am EST to highlight why we are recommending to double-down and to buy the freak out this morning. This sell-off is a gift.

 

 

CALL DETAILS:

  • Toll Free Number:
  • Direct Dial Number:
  • Conference Code: 934914#

*There will be no slides associated with this call.

 

 

EXPECT TO HEAR UPDATES ON THE FOLLOWING TOPICS:

  1. Co-CEOs don't work. They never have, and they never will.
  2. The only reason why Carlos has 'CEO' on his business card is because Gary Friedman was forced to step down and take a different role due to his extracurricular activities. That's when Carlos got what he wanted -- the CEO role. 
  3. The reality is that most investors have only spent time with Carlos, but Karen Boone (CFO) is less replaceable in our opinion. Though they'll probably get someone to replace Carlos (it's a pretty appealing job -- many will want it) they can certainly continue to execute without him.
  4. Oh, and the fundamentals look phenomenal. We raised our long-term EPS estimate to $10 from $8.50. There aren't many 25% top-line growers in Consumer and this is one of them.  
  5. We see 40%+ EPS growth over the next 3-5 years and RH is trading at ~20x our next year (2014) estimate in the pre-market. We haven't seen a disconnect between reality and reaction this significant in years. 

Please email for more details.

 



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