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Cramer: Jump on the Restoration Bandwagon

He's certainly persuasive. Friedman went on the road recently to talk to buyers of a Restoration Hardware convertible bond. I always hate it when companies do these converts because the buyers often turn right around and short the common, putting instant pressure on the stock. Not this time. The stock went higher after the convert. That's a sign that the convert buyers not only didn't short the stock but, most likely, they might have augmented their convert positions with common in the aftermarket.

To me that means stop betting against him, as so many hedge funds have, and start betting with him. His company's just starting its journey toward greatness and right now the market capitalization is way too small for the story he has to tell, the vision he believes in and the execution capabilities he has demonstrated both here and William-Sonoma (WSM), where he worked before he took this job in 2001. Even after those 17 pounds and 17 points, I think the story has much further to fly. 

Editor's Note: This article was originally published at 6:34 a.m. EDT on Real Money on June 20.

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