RHI margins are pressured by tariffs; stabilization in earnings would signal deep value opportunity.

Restoration Hardware going into the earnings. The big test honestly for for Restoration Hardware is going to be they basically acquired about a year worth of inventory to get ahead of the tariffs because the thought is the tariffs would be gone by now [laughter] and they're not.

They're like worse than ever before. So, you know, here we are with Restoration Hardware and they're going to have to start acquiring inventory at tariff values. I would bet they're going to end up seeing uh a real big hit to margins, which is kind of the opposite of what we're seeing at our Apple.

I got Restoration Hardware. It's not anywhere near a line.

And Restoration Hardware is not out yet.

You see, Restoration Hardware is still not out. Come on, Restoration Hardware, wake up.

Still no restoration hardware.

Yeah, Restoration Hardware still hasn't come out. They're late as well.

Restoration hardware deval. Yeah, it depends if they can like this would be an earning set where if they can actually show that their margins have stopped declining and they could start U-turning.

Yeah, you're getting right. You know, it's gonna start looking like deep value. Deep effing value.