RH Is a Wonderful Business at a Great Price
Warren Buffett has spoken of the advantages of buying a wonderful company at a fair price, instead of a fair company at a wonderful price. And the recent market sell-off has gone one step further, creating the opportunity to buy some great businesses at discount prices.
One such example is RH (NYSE: RH), formerly known as Restoration Hardware, and Buffett's Berkshire Hathaway is a large investor in the company with an 8% stake. After a 46% drawdown from its 52-week high during the fall, is RH a buy?
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Source Fool.com
