RH

RH got X'd out down 4% here today.

Okay, next up here, let's talk about stock I own that's making a huge move and uh what I'll do and where I'm going with that stock and am I going to sell, buy, all that good stuff and projections, all that, okay?

All righty, so, there's a video I put out one day and 22 hours ago. So, almost 48 hours ago, I put out this video. Looks like about 180,000 people have gotten to see it so far.

New stock I bought today. Right? And I talked about a lot in that video. I mean, a lot. I talked all about a lot more subjects and a lot of great subjects that are beyond just what stock I bought on that day, right?

But, this stock just came out with earnings. And the earnings were a C grade for this company. Keep in mind, the stock price has been destroyed on this company.

Next, let's talk about the new stock I bought today. Why I bought it, how much I will invest in it, and what my future plans are for this particular stock. This is RH. I posted this in my private group this morning, which shares I bought, right?

And I said, "Hello everyone, I've started investing in a new stock in my private portfolio, so I thought I'd let you know." This is RH, it's a bit risky to buy it a few days before the earnings report.

So the earnings report is coming in less than 48 hours, but I have only invested 25% of my comfortable investment in this stock.

All righty. So, look at that. This particular stock, oh my gosh, it's down almost 80% 80% in the past 5 years, right? Absolutely incredible. But, I'm a sucker for a destroyed stock and this stock has been absolutely decimated and I'm always a sucker for them, right?

Now, this particular company is headed in the right direction in regards to its cash balance. It's as of its last quarter they announced they had almost $54 million in cash on the balance sheet.

This has been something that had been worrying me about this company. The cash balance had gotten down to $30 million and I'm like, "Oof, for a company this size, not good." So, cash balance hasn't quite doubled, but it's getting close to there, right?

That's something that gives me some some interest.