The market is having a year of reckoning, and few stocks are unscathed. While investors bemoan lost portfolio value, the reality is that many prices were inflated before, and the down market is creating more realistic and reasonable valuations.

That's why a mild down market is called a correction. It doesn't feel good, but it does create compelling entry points for great stocks that have loads of potential.

Floor and Decor Holdings (NYSE: FND) is a recent Warren Buffett stock that's down 47% this year, and it looks like an excellent buying opportunity.

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Source Fool.com