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RH (RH): A Bear Case Theory

We came across a bearish thesis on RH (RH) on Substack by Open Insights. In this article, we will summarize the bears’ thesis on RH. RH (RH)'s share was trading at $307.23 as of March 3rd. RH’s trailing and forward P/E were 85.11 and 24.27 respectively according to Yahoo Finance.

[caption id="attachment_1197454" align="aligncenter" width="768"] A customer happily browsing aisles of high-end furniture in a large showroom.[/caption]

Restoration Hardware, now rebranded as RH, is a company that has undergone a radical transformation under the leadership of Gary Friedman. Once a...