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Non-Tech : Restoration Hardware - (RSTO)
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To: ColleenB who wrote (38)5/2/1999 11:43:00 AM
From: Glenn Petersen  Read Replies (1) of 76
 
You probably need to be careful with RSTO. While I think that Friday's meltdown was an overreaction, I do think that it is going to take some time for RSTO to recover to its former levels. When I first stumbled across the company last December, I did have some concerns about the margins and their ability to control their costs while aggressively rolling out new stores. Obviously, the analysts are sensitive to these concerns. There may be another point or two in the "bounce" but my guess is that the stock is going to settle into a short term range of $12-15. The company is going to have to show some evidence that the concerns are unwarranted. JMHO. Good luck.

P.S. I love the stores and I would like to be married to the stock. However, they still need to prove that they can execute on a consistent basis.
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