Thesis: fraud, analyst: hunterbrook, sector: furniture.
The luxury brand has seen its cash position fall from $2.3 billion to just $42 million — after acquiring two private jets, a yacht, and a “personal penthouse” for the CEO; taking out variable rate loans to buy back billions worth of the company’s stock right before rates spiked; splurging on a European expansion that seems to be a complete flop; and failing to move through inventory amid widespread discounts. And yet, even as competitors are predicting an industry-wide slowdown amid a sluggish housing market, RH is trading around its highest share price — and multiple — in years.
Also, Herb
Last updated: 2026-03-07 by automated standardization process
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