Buffett sees value in the fast-growing specialty flooring retailer, Buffet recently added to his position by over 460% in this stock
Valued at 26 times earnings, Floor & Decor isn't exactly the type of cheap stock that you would expect to see Buffett buying. As he says, however, he would prefer to own a wonderful business at a fair price as opposed to a fair business at a wonderful price.
Floor & Decor has grown revenue at a 25% compound annual growth rate (CAGR) over the past five years, and earnings per share by 37% over the same time frame.
The company is also growing its store count at an impressive clip, with 17.8% annualized growth over the past five years. Even better, Floor & Decor is going to ramp up that store count and has a goal of growing from its current 160 location to 500 over the next several years.
$Berkshire Hathaway 13F(BK2999.US$ $Floor & Decor(FND.US$ $Berkshire Hathaway-A(BRK.A.US$ $Berkshire Hathaway-B(BRK.B.US$
The company is also growing its store count at an impressive clip, with 17.8% annualized growth over the past five years. Even better, Floor & Decor is going to ramp up that store count and has a goal of growing from its current 160 location to 500 over the next several years.
$Berkshire Hathaway 13F(BK2999.US$ $Floor & Decor(FND.US$ $Berkshire Hathaway-A(BRK.A.US$ $Berkshire Hathaway-B(BRK.B.US$
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Some famous words of Buffett. I hope it's useful to you. : )
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