Is The Restoration Hardware Stock Really Worth A Shot?
As home sales begin to slow down, how do you play the housing trade?
Guy says bond volatility is probably double that of equity volatility.
Guy says that at least now you can make the case that at 12x next years numbers that it is somewhat reasonable on valuation for Restoration Hardware.
Guy says bond volatility is probably double that of equity volatility.
Guy says that at least now you can make the case that at 12x next years numbers that it is somewhat reasonable on valuation for Restoration Hardware.
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00:00 Yeah, Brian brought it up as well.
00:01 I mean, I think 10-year yields got up to 330 and changed.
00:04 I mean, seemingly within six or seven, maybe 10 trading days,
00:07 we were down to 275.
00:09 Now we're back either side of 3%.
00:11 You know, again, bond volatility is probably double that
00:14 of equity volatility.
00:15 I think at some point, it manifests itself
00:18 in the equity market.
00:19 In terms of this conversation, though,
00:21 I'm sort of with Tim on this one, a restoration hardware.
00:23 I mean, at least now you can make a case at 12 times
00:26 next year's numbers that it's somewhat
00:28 reasonable on valuation.
00:29 It didn't do a complete round trip
00:31 from those March 2020 lows in terms of the stock price,
00:35 but it got sort of close.
00:36 So you know what?
00:37 I think RH for a play here, given
00:39 what we talked about earlier, it makes a little bit of sense.