Is RH's Big Turnaround Beginning to Happen?
Investing in turnaround stocks can be difficult, often doesn't work out, and sometimes the stock has the potential to go to zero. But when they do work out, they can generate absolutely massive gains.
One interesting situation out there is RH (NYSE: RH), the furniture giant that is transforming its business, even as the housing market remains practically frozen. After shares boomed to $744 at the height of the 2021 pandemic housing boom, they've since crashed by about 75%. Debt has gone up, and the housing market has yet to bounce back.
Still, can RH pull off a turnaround, leading to a multibagger? The answer is yes...but with a big caveat.
Source Fool.com
