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Alex Filonov
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I was born in 1956 in USSR. After graduation from college in 1979 I worked full-time as an IT specialist. Until 1990 I worked for different companies in the Soviet military industrial complex. I created a small software business in 1991, which failed in 1993. I worked for Oracle Corp in 1995 in... More
My blog:
Muddling Investor
  • Why Restoration Hardware? 0 comments
    Jul 13, 2013 11:08 AM | about stocks: RH

    I opened a new position on Friday: Restoration Hardware (NYSE:RH). Bought is for the following reasons:

    This is the company selling stuff to rich people. Such companies are the most successful right now.

    I visited the store. I saw something other similar companies (like Pottery Barn) don't have: style. Style sells.

    Company was growing fast and analysts think it will continue growing 40% a year. This is the growth I usually buy.

    Price dropped lately. The reason: there were rumors of secondary offering. Reality: no secondary offering. Several big holders sold a big chunk of shares all at once. This is a discount situation, i.e. "buy, buy, buy".

    As usual, I can be wrong. I'm not buying all at once. I'm not recommending anything, you are responsible for your money.

    Disclosure: I am long RH.

    Additional disclosure: Positions can change any time.

    Themes: Retail Stocks: RH
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