If I Could Buy Only 1 Stock, This Would Be It
Luxury home furnishings company RH (NYSE: RH) has enriched many investors over the years. Formerly known as Restoration Hardware, its stock has risen more than 1,500% since its IPO in Nov. 2012. Given the numerous closures and bankruptcies that are currently taking place among brick-and-mortar chains, that kind of return from a retailer is shocking.
A closer look at the business will show that great investment ideas can emerge from written-off industries.
Most people know RH as a high-end furniture store, but it is striving to be much more than that. As of Aug. 1, the company operated 68 galleries across major markets in the U.S. and Canada. These showrooms cater to the wealthiest segment of the population and are designed to be unlike anything in the retail landscape with entire collections on display as opposed to individual pieces of furniture.