Why Dan Loeb's Third Point Is Bullish On Restoration Hardware Stock

Benzinga2021-08-09

Daniel Loeb, the CEO and founder of New York-based hedge fund Third Point,on Friday revealed a new position in luxury furniture and home furnishings chain Restoration Hardware Holdings(NYSE:RH). What ...

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Comments

Heidit
2021-08-09
Heidit
Oh
Eugoon
2021-08-09
Eugoon
Yes agree
- Robinshk:
  Hi
- kevinlaisq:
  hi
junfong
2021-08-09
junfong
Hi
- JimmyT:
  ok

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href=https://www.benzinga.com/trading-ideas/long-ideas/21/08/22392958/why-dan-loebs-third-point-is-bullish-on-restoration-hardware-stock><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Daniel Loeb, the CEO and founder of New York-based hedge fund Third Point,on Friday revealed a new position in luxury furniture and home furnishings chain Restoration Hardware Holdings(NYSE:RH).\nWhat ...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22392958/why-dan-loebs-third-point-is-bullish-on-restoration-hardware-stock\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RH","symbol_name":"Restoration Hardware 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chain Restoration Hardware Holdings(NYSE:RH).\nWhat Happened:In a letter to investors, Loeb revealed that the hedge fund started building a position in RH in the final quarter of last year as it believes the high-quality underlying business is at a fundamental “inflection point.”\nLoeb said he believes the furniture company is “well-positioned” to yield benefits as it looks to implement its aggressive international expansion strategy and growth should happen “regardless of the political landscape or housing cycle.”\nAs per Loeb, RH is not a traditional furniture company and any comparison with other furniture companies is not fair to the brand just like one cannot compare Ferrari with the rest of the automakers.\n“Furniture companies are not known for theirhigh returns on invested capital, and a common bear thesis on RH was that furniture companies had never sustainably earned >10% EBIT margins (which RH had recently exceeded),” Loeb said.\nThe hedge fund, which holds stake 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“regardless of the political landscape or housing cycle.”</p>\n<p>As per Loeb, RH is not a traditional furniture company and any comparison&nbsp;with other furniture companies is not fair to the brand just like one cannot compare Ferrari with the rest of the automakers.</p>\n<p>“Furniture companies are not known for theirhigh returns&nbsp;on invested capital, and a common bear thesis on RH was that furniture companies had never sustainably earned &gt;10% EBIT margins (which RH had recently exceeded),” Loeb said.</p>\n<p>The hedge fund, which holds stake in&nbsp;<b>SentinelOne Inc</b>(NYSE:S),<b>Intuit Inc</b>(NASDAQ:INTU) and&nbsp;<b>Danaher Corp</b>(NYSE:DHR) among others, noted that RH CEO Gary Friedman is a once-in-a-generation leader who is both an innovator and effective capital allocator.</p>\n<p>According to Loeb, RH commands higher product gross margins, better leverage on fixed costs, and a unique advantage in retail, where landlords basically pay RH to anchor retail properties, as RH’s stores draw high-income traffic and create a “halo effect.”</p>\n<p><b>Price Action:</b>RH shares closed 0.7% lower at $674.99 on Friday.</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Dan Loeb's Third Point Is Bullish On Restoration Hardware Stock</title>\n<style 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and home furnishings chain Restoration Hardware Holdings(NYSE:RH).\nWhat ...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22392958/why-dan-loebs-third-point-is-bullish-on-restoration-hardware-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RH":"Restoration Hardware Holdings"},"source_url":"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22392958/why-dan-loebs-third-point-is-bullish-on-restoration-hardware-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163903635","content_text":"Daniel Loeb, the CEO and founder of New York-based hedge fund Third Point,on Friday revealed a new position in luxury furniture and home furnishings chain Restoration Hardware Holdings(NYSE:RH).\nWhat Happened:In a letter to investors, Loeb revealed that the hedge fund started building a position in RH in the final quarter of last year as it believes the high-quality underlying business is at a fundamental “inflection point.”\nLoeb said he believes the furniture company is “well-positioned” to yield benefits as it looks to implement its aggressive international expansion strategy and growth should happen “regardless of the political landscape or housing cycle.”\nAs per Loeb, RH is not a traditional furniture company and any comparison with other furniture companies is not fair to the brand just like one cannot compare Ferrari with the rest of the automakers.\n“Furniture companies are not known for theirhigh returns on invested capital, and a common bear thesis on RH was that furniture companies had never sustainably earned >10% EBIT margins (which RH had recently exceeded),” Loeb said.\nThe hedge fund, which holds stake in SentinelOne Inc(NYSE:S),Intuit Inc(NASDAQ:INTU) and Danaher Corp(NYSE:DHR) among others, noted that RH CEO Gary Friedman is a once-in-a-generation leader who is both an innovator and effective capital allocator.\nAccording to Loeb, RH commands higher product gross margins, better leverage on fixed costs, and a unique advantage in retail, where landlords basically pay RH to anchor retail properties, as RH’s stores draw high-income traffic and create a “halo effect.”\nPrice Action:RH shares closed 0.7% lower at $674.99 on Friday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":898281382,"gmtCreate":1628500693846,"gmtModify":1703507146385,"author":{"id":"3586840317906264","authorId":"3586840317906264","name":"Eugoon","avatar":"https://static.tigerbbs.com/746ba933647ea8e54908ee44d0c24a3c","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":8,"crmLevelSwitch":1,"authorIdStr":"3586840317906264","idStr":"3586840317906264"},"htmlText":"Yes agree&nbsp;","listText":"Yes agree&nbsp;","text":"Yes agree","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/898281382","repostId":1163903635,"repostType":4,"repost":{"id":"1163903635","kind":"news","pubTimestamp":1628499521,"share":"https://ttm.financial/m/news/1163903635?lang=&edition=fundamental","pubTime":"2021-08-09 16:58","market":"us","language":"en","title":"Why Dan Loeb's Third Point Is Bullish On Restoration Hardware Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1163903635","media":"Benzinga","summary":"Daniel Loeb, the CEO and founder of New York-based hedge fund Third Point,on Friday revealed a new p","content":"<p><b>Daniel Loeb</b>, the CEO and founder of New York-based hedge fund&nbsp;<b>Third Point,</b>on Friday revealed a new position in&nbsp;luxury furniture and home furnishings chain&nbsp;<b>Restoration Hardware Holdings</b>(NYSE:RH).</p>\n<p><b>What Happened:</b>In a letter to investors, Loeb revealed that the hedge fund started building a position in RH in the final quarter of last year as it believes the high-quality underlying business is at a fundamental “inflection point.”</p>\n<p>Loeb said he believes the furniture company is “well-positioned” to yield benefits as it looks to implement its aggressive international expansion strategy and growth should happen “regardless of the political landscape or housing cycle.”</p>\n<p>As per Loeb, RH is not a traditional furniture company and any comparison&nbsp;with other furniture companies is not fair to the brand just like one cannot compare Ferrari with the rest of the automakers.</p>\n<p>“Furniture companies are not known for theirhigh returns&nbsp;on invested capital, and a common bear thesis on RH was that furniture companies had never sustainably earned &gt;10% EBIT margins (which RH had recently exceeded),” Loeb said.</p>\n<p>The hedge fund, which holds stake in&nbsp;<b>SentinelOne Inc</b>(NYSE:S),<b>Intuit Inc</b>(NASDAQ:INTU) and&nbsp;<b>Danaher Corp</b>(NYSE:DHR) among others, noted that RH CEO Gary Friedman is a once-in-a-generation leader who is both an innovator and effective capital allocator.</p>\n<p>According to Loeb, RH commands higher product gross margins, better leverage on fixed costs, and a unique advantage in retail, where landlords basically pay RH to anchor retail properties, as RH’s stores draw high-income traffic and create a “halo effect.”</p>\n<p><b>Price Action:</b>RH shares closed 0.7% lower at $674.99 on Friday.</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Dan Loeb's Third Point Is Bullish On Restoration Hardware Stock</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Dan Loeb's Third Point Is Bullish On Restoration Hardware Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 16:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/trading-ideas/long-ideas/21/08/22392958/why-dan-loebs-third-point-is-bullish-on-restoration-hardware-stock><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Daniel Loeb, the CEO and founder of New York-based hedge fund Third Point,on Friday revealed a new position in luxury furniture and home furnishings chain Restoration Hardware Holdings(NYSE:RH).\nWhat ...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22392958/why-dan-loebs-third-point-is-bullish-on-restoration-hardware-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RH":"Restoration Hardware Holdings"},"source_url":"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22392958/why-dan-loebs-third-point-is-bullish-on-restoration-hardware-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163903635","content_text":"Daniel Loeb, the CEO and founder of New York-based hedge fund Third Point,on Friday revealed a new position in luxury furniture and home furnishings chain Restoration Hardware Holdings(NYSE:RH).\nWhat Happened:In a letter to investors, Loeb revealed that the hedge fund started building a position in RH in the final quarter of last year as it believes the high-quality underlying business is at a fundamental “inflection point.”\nLoeb said he believes the furniture company is “well-positioned” to yield benefits as it looks to implement its aggressive international expansion strategy and growth should happen “regardless of the political landscape or housing cycle.”\nAs per Loeb, RH is not a traditional furniture company and any comparison with other furniture companies is not fair to the brand just like one cannot compare Ferrari with the rest of the automakers.\n“Furniture companies are not known for theirhigh returns on invested capital, and a common bear thesis on RH was that furniture companies had never sustainably earned >10% EBIT margins (which RH had recently exceeded),” Loeb said.\nThe hedge fund, which holds stake in SentinelOne Inc(NYSE:S),Intuit Inc(NASDAQ:INTU) and Danaher Corp(NYSE:DHR) among others, noted that RH CEO Gary Friedman is a once-in-a-generation leader who is both an innovator and effective capital allocator.\nAccording to Loeb, RH commands higher product gross margins, better leverage on fixed costs, and a unique advantage in retail, where landlords basically pay RH to anchor retail properties, as RH’s stores draw high-income traffic and create a “halo effect.”\nPrice Action:RH shares closed 0.7% lower at $674.99 on Friday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5471307,"gmtCreate":1628500822561,"gmtModify":1663232124434,"authorId":3583719339427406,"author":{"id":3583719339427406,"idStr":"3583719339427406","authorId":3583719339427406,"name":"Robinshk","avatar":"https://static.tigerbbs.com/c1089a1858cf641f8680d8015659c00d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":898281382,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"},{"id":5471324,"gmtCreate":1628500972287,"gmtModify":1635156258365,"authorId":3572874548548490,"author":{"id":3572874548548490,"idStr":"3572874548548490","authorId":3572874548548490,"name":"kevinlaisq","avatar":"https://static.tigerbbs.com/329de1199f764a89b7cadf50308e183d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":898281382,"type":1,"supId":5471307,"prevId":0,"content":"<u>hi</u>","text":"<u>hi</u>","html":"<u>hi</u>"}],"langContent":"EN"},{"id":898289085,"gmtCreate":1628500510947,"gmtModify":1703507143216,"author":{"id":"3581796144696297","authorId":"3581796144696297","name":"junfong","avatar":"https://static.tigerbbs.com/687a1b28933ed90c0ea82b317d853609","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581796144696297","idStr":"3581796144696297"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/898289085","repostId":1163903635,"repostType":4,"repost":{"id":"1163903635","kind":"news","pubTimestamp":1628499521,"share":"https://ttm.financial/m/news/1163903635?lang=&edition=fundamental","pubTime":"2021-08-09 16:58","market":"us","language":"en","title":"Why Dan Loeb's Third Point Is Bullish On Restoration Hardware Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1163903635","media":"Benzinga","summary":"Daniel Loeb, the CEO and founder of New York-based hedge fund Third Point,on Friday revealed a new p","content":"<p><b>Daniel Loeb</b>, the CEO and founder of New York-based hedge fund&nbsp;<b>Third Point,</b>on Friday revealed a new position in&nbsp;luxury furniture and home furnishings chain&nbsp;<b>Restoration Hardware Holdings</b>(NYSE:RH).</p>\n<p><b>What Happened:</b>In a letter to investors, Loeb revealed that the hedge fund started building a position in RH in the final quarter of last year as it believes the high-quality underlying business is at a fundamental “inflection point.”</p>\n<p>Loeb said he believes the furniture company is “well-positioned” to yield benefits as it looks to implement its aggressive international expansion strategy and growth should happen “regardless of the political landscape or housing cycle.”</p>\n<p>As per Loeb, RH is not a traditional furniture company and any comparison&nbsp;with other furniture companies is not fair to the brand just like one cannot compare Ferrari with the rest of the automakers.</p>\n<p>“Furniture companies are not known for theirhigh returns&nbsp;on invested capital, and a common bear thesis on RH was that furniture companies had never sustainably earned &gt;10% EBIT margins (which RH had recently exceeded),” Loeb said.</p>\n<p>The hedge fund, which holds stake in&nbsp;<b>SentinelOne Inc</b>(NYSE:S),<b>Intuit Inc</b>(NASDAQ:INTU) and&nbsp;<b>Danaher Corp</b>(NYSE:DHR) among others, noted that RH CEO Gary Friedman is a once-in-a-generation leader who is both an innovator and effective capital allocator.</p>\n<p>According to Loeb, RH commands higher product gross margins, better leverage on fixed costs, and a unique advantage in retail, where landlords basically pay RH to anchor retail properties, as RH’s stores draw high-income traffic and create a “halo effect.”</p>\n<p><b>Price Action:</b>RH shares closed 0.7% lower at $674.99 on Friday.</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Dan Loeb's Third Point Is Bullish On Restoration Hardware Stock</title>\n<style 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and home furnishings chain Restoration Hardware Holdings(NYSE:RH).\nWhat ...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22392958/why-dan-loebs-third-point-is-bullish-on-restoration-hardware-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RH":"Restoration Hardware Holdings"},"source_url":"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22392958/why-dan-loebs-third-point-is-bullish-on-restoration-hardware-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163903635","content_text":"Daniel Loeb, the CEO and founder of New York-based hedge fund Third Point,on Friday revealed a new position in luxury furniture and home furnishings chain Restoration Hardware Holdings(NYSE:RH).\nWhat Happened:In a letter to investors, Loeb revealed that the hedge fund started building a position in RH in the final quarter of last year as it believes the high-quality underlying business is at a fundamental “inflection point.”\nLoeb said he believes the furniture company is “well-positioned” to yield benefits as it looks to implement its aggressive international expansion strategy and growth should happen “regardless of the political landscape or housing cycle.”\nAs per Loeb, RH is not a traditional furniture company and any comparison with other furniture companies is not fair to the brand just like one cannot compare Ferrari with the rest of the automakers.\n“Furniture companies are not known for theirhigh returns on invested capital, and a common bear thesis on RH was that furniture companies had never sustainably earned >10% EBIT margins (which RH had recently exceeded),” Loeb said.\nThe hedge fund, which holds stake in SentinelOne Inc(NYSE:S),Intuit Inc(NASDAQ:INTU) and Danaher Corp(NYSE:DHR) among others, noted that RH CEO Gary Friedman is a once-in-a-generation leader who is both an innovator and effective capital allocator.\nAccording to Loeb, RH commands higher product gross margins, better leverage on fixed costs, and a unique advantage in retail, where landlords basically pay RH to anchor retail properties, as RH’s stores draw high-income traffic and create a “halo effect.”\nPrice Action:RH shares closed 0.7% lower at $674.99 on Friday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5472807,"gmtCreate":1628513934345,"gmtModify":1663232131453,"authorId":3581661369298834,"author":{"id":3581661369298834,"idStr":"3581661369298834","authorId":3581661369298834,"name":"JimmyT","avatar":"https://static.tigerbbs.com/748bb288232d8c7092b92b303f282d6e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":898289085,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":40,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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