Investment thesis: Floor & Decor (NYSE: FND)

Floor & Decor is the third-largest hard surface floor retailer in the United States, with about 9% market share. The company’s two larger competitors – Home Depot (NYSE: HD) and Lowe’s (NYSE: LOW) – are more general hardware stores, and that may be where the opportunity lies for Floor & Decor. By offering a greater range and stocking more inventory, the author believes Floor & Decor can increase its market share into double-digits.