Alex Filonov's  Instablog

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
  • Adding To Restoration Hardware Position 0 comments
    Sep 18, 2013 8:46 PM | about stocks: RH

    Added today to Restoration Hardware (NYSE:RH) position. The only reason I see for a significant drop in price today is a publication of 10-Q report. As far as I know, most of data in the report is a public knowledge already. And, to the best of my knowledge, Wall Street got the quarterly earnings report completely wrong. Either fund managers expected something spectacular, or they didn't like that company reinvests all profits into company growth. If latter, that's exactly what I want. Company is on a roll, rich people (and not that rich) are redecorating their houses and looking for "It!". And I don't see any other company which can provide that "It!'.

    Disclosure: I am long RH.

    Additional disclosure: Positions can change any time.

    Stocks: RH
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