Restoration Hardware - (RSTO) Message Board

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Non-Tech : Restoration Hardware - (RSTO)

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To: kfs who wrote (23)	10/22/1998 3:58:00 AM
From: PaperChase	Read Replies (1) of 76

I came across this company after visiting one of their stores. I can't believe this company was given funds to go public. They have a terrible and SPECULATIVE retail concept. Fund managers should be shot for investing money in this company. Yuk! I just looked over the IPO document. The clue that this was a stinker stock was that $28 million of the $50 million IPO funds were to be used to pay off debt. And most all of the cash from the IPO was spent by the end of the second quarter. So where's the cash going to come from to fund further growth? It'll come from debt which will be tougher for small cap companies to obtain going forward. I wish I discovered this company back in early August. It would have made a great short. Might be able to short it after a bounce.

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