This Warren Buffett Stock Could Be the Next Home Depot
Investors in retail stocks have often looked for the small retailer that could someday become one of the top retailers in the world. One example was Home Depot (NYSE: HD), an Atlanta-area home improvement retailer that went on to saturate the U.S. market and expand to Canada and Mexico.
While no analyst can guarantee that they have discovered the next Home Depot, Warren Buffett and his team at Berkshire Hathaway may have found it in Floor & Decor (NYSE: FND). The hard flooring retailer, also based in Atlanta, operates 191 locations stores in 36 states. And the retail stock could make investors much wealthier as it expands and deepens its presence in the U.S. and possibly elsewhere.
At first glance, its offering of hard flooring may not seem unusual. Both Home Depot and Lowe's sell such flooring, and numerous other retailers and independents also compete in this segment.
Source Fool.com
