A Rare Opportunity With RH
Summary
- RH, formerly Restoration Hardware, has seen its stock price pull back.
- Consider buying the January 2023 call options, with a $600 strike price.
- This is a rare opportunity to get into a great stock at a discounted price.
RH, formerly Restoration Hardware, has seen its stock price pull back from its January high of $524, and is currently trading around $480. There is no news or information to support this dip. This is a rare opportunity to get into a great stock at a discounted price.
RH has been remarkable in moving up from 6000 square foot mall stores, into beautiful 60,000 square foot showrooms. They either renovate historical buildings, or they build fabulous showrooms from scratch. They deliver designer quality furniture, but at a more affordable price, and with free design consultations.
Their stores often include a cafe or a restaurant, a wine bar, and a coffee bar. They're very popular as hangouts and the restaurants get good reviews and draw crowds. As the Covid shutdowns ease, these stores will do very well.
Consider buying the January 2023 call options, with a $600 strike price, for around $99. This is a solid story with plenty of runway to continue growing.
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