In 2019, I gutted my bathroom in preparation of a remodel. But after completing the demolition, I made a last-minute change to my remodel plan. I needed a particular flooring product fast and tried sourcing it at local home-improvement retailers in vain. I then stumbled upon a Floor & Decor (NYSE: FND) about one hour away from my home and found exactly what I needed.

Investing great Peter Lynch advocated for buying what you know. And as I drove home from Floor & Decor that day, I wondered if it was publicly traded. Shortly thereafter, I discovered it was, researched the business, and purchased shares.

Floor & Decor has been a great investment for me so far. But after what the company just did, I might double down. Here's why.

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Source Fool.com