That's exactly what I wanted to say! Rick could have been more proactive years ago. Instead he sat back and watched things crumble including the stock price. Now he sends out a letter to the shareholders saying he is now going to do all this stuff... Hahahha, who lit a fire under RH's A$$? Little too late RH!
Liquidating any assets right now is giving his money away. His interest is in keeping enough assets in the company to cover the money he has lent. He will pull the plug instead of selling off uneeded company assets like another CEO would.
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