Why Is No One Talking About RH Stock?
The pandemic-laden year that is 2020 will be remembered as one that accelerated technological shifts such as e-commerce, working from home, and cord-cutting. While investors' minds are fixated on high-flying tech stocks with outrageous valuations, RH (NYSE: RH), the high-end furniture supplier formerly known as Restoration Hardware, is up 79% this year.
You would think a company with the stamp of approval from Warren Buffett's Berkshire Hathaway would be the talk of Wall Street, but it isn't. In addition to being a mid-cap stock, there are a couple reasons I believe RH goes under the radar.
Few things make people yawn more than having to buy furniture, but this is RH's bread and butter. The company sells home furnishings, including furniture, lighting, textiles, and outdoor and garden products. I know this doesn't get the heart racing as much as videoconferencing or connected home fitness equipment does, but the numbers last quarter were impressive.
Source Fool.com
