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If you're looking for a stock for the long term, Jim Cramer thinks you should look at this company.
It's Restoration Hardware. Largely, Cramer's interest stems from his enthusiasm for the vision laid out by CEO Gary Friedman
"I believe we have to be willing to destroy today's reality to create tomorrow's future," said Friedman on "Mad Money."
And Friedman is very willing to destroy today's reality. Just one example involves the way in which he's reimagined Restoration's mall stores.
"Most mall stores are archaic, windowless boxes that lack any sense of humanity," Friedman said.
However, Restoration's mall stores are all about humanity. "Restoration stores have become galleries—gorgeous places where Restoration showcases incredible merchandise," often times, in the context of human history, Cramer said.
In addition, Cramer is a fan of the quality. "People say the products are expensive, but, given the quality, they're actually great values," Friedman added.
Also, Cramer says at a time when most other retailers are scrambling to leverage the Internet, Restoration is opening even larger stores and mailing out museum quality catalogs.
"About 8 percent of sales come from the Internet," said Friedman, "How about the other 92 percent?"
All told, Cramer thinks the vision of Restoration's CEO provides a solid foundation for profits. And he thinks the vision is already reflected in recent earnings.
Earlier in June, Restoration Hardware said it earned $1.8 million, or 4 cents per share, over the three months ending on May 3. A year ago the company lost $161,000, and it broke even on a per-share basis. Excluding one-time items, profit came to 18 cents per share in the latest quarter. FactSet says analysts expected 11 cents per share.
Also, revenue grew 22 percent, to $366.3 million from $301.3 million. Wall Street predicted $346.7 million.
"That's a blow-away quarter," said Cramer. "That kind of beat takes my breath away."
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Cramer sees every reason to believe those kinds of results should continue well into the future.
"I have to tell you, I don't think this is some flash-in-the-pan," Cramer said. "I believe that management must have vision, and in the case of Restoration Hardware, management has incredible vision."
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