Floor & Decor: Recent Correction Is A Buying Opportunity

GS Analytics
3.23K Followers

Summary

  • Floor & Decor’s growth initiatives look promising.
  • With the economy reopening, the strong backlog of PRO business and commercial projects should come into play.
  • The valuation seems to be attractive at the current levels and long-term investors can consider buying the stock.

Cheerful young couple having so much fun while shopping at the home goods store

Kosamtu/E+ via Getty Images

Investment Thesis

The fundamental growth narrative of Floor & Decor (NYSE:FND) is based upon the three pillars: commercial expansion, store expansion strategy, and design-led initiatives. The company continues to make progress on each of them. In February 2022, the company

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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