This Buffett Powerhouse Stock Just Announced a Stock Split
It's stock-split season. Two of the most highly valued companies in the world, Amazon and Tesla, recently excited the investing community with their stock-split announcements.
Now RH (NYSE: RH), a smaller company, has announced a stock split of its own. RH is a niche furniture company, and its shares are owned by investing guru Warren Buffet. Shares trade at $336 as of this writing, much lower than Amazon at over $3,000 and Tesla at over $1,000. What's this all about?
RH, formerly Restoration Hardware, is an upscale furniture retailer that promotes its gallery-style stores, where customers can choose their own pieces or work with a staff designer. It takes great pains to style its spaces and create a luxury brand, moving past retail goods and into company-branded hotels, restaurants, and even yacht experiences.
Source Fool.com
