Are Robust Financials Driving The Recent Rally In Floor & Decor Holdings, Inc.’s (NYSE:FND) Stock?

Most readers would already be aware that Floor & Decor Holdings’ (NYSE:FND) stock increased significantly by 30% over the past three months. Given the company’s impressive performance, we decided to study its financial indicators more closely as a company’s financial health over the long-term usually dictates market outcomes. Specifically, we decided to study Floor & Decor Holdings’ ROE in this article.

Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.

View our latest analysis for Floor & Decor Holdings

How To Calculate Return On Equity?

Return on equity can be calculated by using the formula:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders’ Equity

So, based on the above formula, the ROE for Floor & Decor Holdings is:

17% = US$145m ÷ US$850m (Based on the trailing twelve months to June 2020).

The ‘return’ refers to a company’s earnings over the last year. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.17 in profit.

What Is The Relationship Between ROE And Earnings Growth?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or “retains”, and how effectively it does so, we are then able to assess a company’s earnings growth potential. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don’t share these attributes.

Floor & Decor Holdings’ Earnings Growth And 17% ROE

At first glance, Floor & Decor Holdings seems to have a decent ROE. Further, the company’s ROE is similar to the industry average of 15%. Consequently, this likely laid the ground for the impressive net income growth of 31% seen over the past five years by Floor & Decor Holdings. We reckon that there could also be other factors at play here. For example, it is possible that the company’s management has made some good strategic decisions, or that the company has a low payout ratio.

As a next step, we compared Floor & Decor Holdings’ net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 5.9%.

Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Floor & Decor Holdings fairly valued compared to other companies? These 3 valuation measures might help you decide.

Is Floor & Decor Holdings Using Its Retained Earnings

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Trump Holds Florida Rally After White House Physician Reports Negative COVID-19 Tests

On Monday, White House physician Sean Conley said that President Trump had registered consecutive days in which he’s tested negative for COVID-19. The news came on the same date that Trump headed to a packed campaign rally in Sanford, Florida. 

“In response to your inquiry regarding the President’s most recent COVID-19 tests, I can share with you that he has tested NEGATIVE, on consecutive days, using the Abbott BinaxNOW antigen card,” said Conley. He added that those tests occurred “in context with additional clinical and laboratory data.”

Speaking of this data, Conley wrote that it was made up of “viral load, subgenomic RNA and PCR cycle threshold measurements, as well as ongoing assessment of viral culture data.”

The letter concluded that the president is “not infectious to others,” which echoes a similar message that Conley issued on Saturday. He also stated, on Saturday, that the president is cleared for an “active schedule.” 

CNN adds that it’s not clear what consecutive days Trump tested positive, while also noting that the Abbott BinaxNOW test he reportedly took may lack precision, as it’s only proven accurate in people being tested within the first week of their symptoms starting to show. The FDA has also said they’re not certain of how accurate Abbott BinaxNOW results are. 

Trump’s positive test was first announced on Thursday, October 1. The White House has not said when the president last tested negative prior to that announcement. 

As for that aforementioned rally, a large crowd gathered for the event. The campaign was issuing temperature checks and distributed masks/hand sanitizer, but social distancing remained absent. 

Trump also claimed to be “immune” and offered to kiss anyone in the crowd daring enough to chance it:

On a related note, this all comes on the same day that Dr. Anthony Fauci said that holding large rallies “was asking for trouble” due to the virus’s surge in several states. 

“We know that that is asking for trouble when you do that,” Fauci said of Trump’s decision to re-up a full campaign rallying schedule, according to The New York Times. “We’ve seen that when you have situations of congregate settings where there are

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Trump to host hundreds at White House Saturday, travel to Florida for rally Monday

(Bloomberg) — President Donald Trump will hold an in-person event at the White House on Saturday and a rally two days later in Florida, hosting his first public events since being hospitalized with Covid-19 and bucking criticism that the gatherings threaten to spread the virus further.

The South Lawn event on Saturday is expected to include a couple hundred guests, a person familiar with the matter said. The president will address the crowd from a distance, on the Blue Room balcony. On Monday, he plans to travel to Sanford, Florida, to address supporters, his campaign said in a statement.

The events come amid criticism that Trump’s decision to hold a crowded Sept. 26 Rose Garden ceremony — where he announced his pick of Amy Coney Barrett for the Supreme Court — helped spark an ongoing coronavirus outbreak at the White House that has sickened several staffers. While the White House had a testing regime in place to screen for virus cases, few guests wore masks and attendees mingled and sat in close proximity to one another both indoors and outdoors.

Anthony Fauci, the nation’s top infectious disease expert, earlier Friday called it a “super-spreader event.”

Trump will remain at the White House this weekend, people familiar with the matter said. He said on Thursday that he wanted to hold rallies in Florida and Pennsylvania on Saturday and Sunday.

Trump has been eager to return to the campaign trail as Democratic nominee Joe Biden widens his lead just weeks before the Nov. 3 election. Trump has released recorded video messages saying he’s well, and his physician said in a statement Wednesday that the president had been free of symptoms for the previous 24 hours.

White House Press Secretary Kayleigh McEnany said Trump “will be clear to go” on Saturday, when “he wants to talk to the American people.” There are medical tests underway to ensure he doesn’t transmit the virus when he returns to the campaign trail, she said on Fox News, adding that she’d conferred with White House doctor Sean Conley.

The Saturday event will be focused on law and order, according to the White House official.

Lengthy Interviews

Trump’s filling the void of not hitting the campaign trail by doing a series of lengthy interviews with conservative talk shows. He spent two hours in a radio interview with Rush Limbaugh on Friday. The president’s campaign billed it as “the largest virtual rally in radio history.”

The president is later scheduled to appear on conservative radio host Mark Levin’s show and later on Tucker Carlson’s Fox News television show.

Trump sounded congested, but didn’t clear his throat or otherwise exhibit any trouble breathing during the course of his interview with Limbaugh. He acknowledged that he’d dealt with some “lingering” effects following his bout with the virus. He said his voice “is now perfect.”

The president said that he’d met with 11 doctors at the White House earlier on Friday, and they said he could have faced dire circumstances from the

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Trump’s White House event had hallmarks of campaign rally

President Trump’s first public appearance since he announced his COVID-19 diagnosis appeared to be an unofficial rally at the White House. On Saturday, Mr. Trump addressed hundreds of supporters closely gathered and dressed in Trump campaign gear, repeating unfounded claims of election fraud, attacking Democratic leaders, and falsely claiming that Joe Biden is a socialist. 



a group of people in front of a crowd posing for the camera: President Trump Delivers Speech To Supporters From White House Balcony


© Samuel Corum / Getty Images
President Trump Delivers Speech To Supporters From White House Balcony

Trump speaks at first in-person event since COVID-19 diagnosis

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White House spokesman Judd Deere said the event was an “official” event, and “the campaign is not involved in this.” Anyone in attendance was invited by the White House, Deere said.

While using the White House for a partisan political event is a violation of the Hatch Act, Deere insisted Saturday’s event had “no Hatch Act implications” because it was run by the White House and not the campaign. 

The Hatch Act does not apply to the president or vice president, but does apply to any other executive branch officials who are involved. The president has been accused of repeatedly ignoring the act, most recently during the Republican National Convention. 

“This is another example I think of the myriad ways in which Donald Trump breaks the rules, and over time, people stop getting agitated about it because he breaks the rules all the time,” Washington Post national correspondent Philip Bump told CBSN’s Lana Zak following the event. “Essentially, he is using taxpayer money to bolster his campaign.” 

The address was made from the balcony overlooking the South Lawn, where Candace Owens’ BLEXIT Foundation was hosting a pro-police rally. Mr. Trump specifically addressed the crowd, telling them their shirts are “beautiful” and that he wants to “put one of them on instead of this white shirt.”

“We have to have law and order,” Mr. Trump said. “I want to thank the BLEXIT Foundation for organizing this event, and especially your two founders, two friends of mine, great people Candace Owens and former Tucson police officer Brandon Tatum. Great job, what a great job. … Thank you very much for being here.” 

Owens tweeted on Saturday that the foundation helped pay for some attendees to travel to Washington, D.C. 

The address was listed on the official White House schedule as “remarks at a peaceful protest for law & order.” 

Virginia Representative Don Beyer, a Democrat, immediately criticized the president for the event, tweeting, “As Trump again uses the White House for a campaign speech, doubtless with the illegal use of taxpayer resources and funds, the Republican National Convention remains under investigation for Hatch Act violations.”



a group of people in front of a crowd posing for the camera: WASHINGTON, DC - OCTOBER 10: Supporters cheer as they wait for U.S. President Donald Trump to address a rally in support of law and order on the South Lawn of the White House on October 10, 2020 in Washington, DC. President Trump invited over two thousand guests to hear him speak just a week after he was hospitalized for COVID-19. / Credit: Samuel Corum / Getty Images


© Provided by CBS News
WASHINGTON, DC – OCTOBER 10: Supporters cheer as they wait for U.S. President Donald Trump to address a rally in support of law and order on the South Lawn of the White House on October 10, 2020 in Washington, DC. President Trump invited over two thousand guests to hear him speak just a week after

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Trump’s post-hospital White House appearance takes on campaign rally themes

Oct. 10 (UPI) — President Donald Trump turned his first post-COVID public appearance into a campaign rally on the White House South Lawn Saturday, nine days after was hospitalized for the coronavirus infection.

Thanking supporters for prayers and well wishes for himself and the first lady, within minutes Trump had referred to his Democratic presidential opponent as “Sleepy Joe Biden,” had boasted about the border wall and delivered other material typical of a campaign speech.

“We gotta vote these people into oblivion. Into oblivion. Gotta get rid of ’em. So bad for our country,” the president said.

About 400 people attended the invitation-only event. Trump called the event a peaceful protest for law and order and blamed the “radical Socialist Left” for civil unrest in U.S. cities this summer.

“Where there is evidence of wrongdoing by police, the criminal justice system must investigate and any perpetrators must be held accountable,” Trump said. “But we must never allow mob rule.”

Event organizers of Candace Owens’s BLEXIT Foundation paid for travel and lodging of some attendees and demanded that they wear matching shirts, ABC reported Saturday. Attendees were asked to wear masks, but were packed tightly together, not following social distancing guidelines.

Attendees were also scheduled to attend a pro-law enforcement rally in Washington, D.C.

The speech lasted about 18 minutes, much shorter than Trump’s usual campaign rally remarks, which can last more than an hour.

Trump, with flesh-colored bandages visible on his hands, downplayed his time at Walter Reed National Military Medical Center and said he was returning to the campaign trail.

“I feel great,” he said. “We are starting very, very big with our rallies and with our everything,” Trump promised. The president has rallies planned in Florida, Pennsylvania and Iowa next week.

The speech ended with supporters chanting “four more years!” and Trump urging them to “get out and vote — and I love you.”

The president has not been seen in public other than in White House-released videos since his release from the hospital five days ago. The White House declined to say Saturday whether Trump was still potentially contagious from COVID-19 .

The last public event at the White House was the Sept. 26 Rose Garden ceremony to announce Supreme Court Justice candidate Amy Coney Barret’s nomination. Public health officials determined the gathering of more than 200 people was a “super-spreader” event which has been linked to dozens of COVID-19 infections, including those in Trump’s inner circle.

On Saturday, Trump campaign advisor and former New Jersey Gov. Chris Christie announced he had been released from the hospital following treatment for the coronavirus.

Joe Biden’s campaign said Saturday that he had again tested negative for the virus. Biden’s campaign has been releasing regular updates since Biden appeared on the same Cleveland stage as Trump in a debate on Sept. 29.

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White House rally: Trump holds first public event since Covid diagnosis

Image caption

Donald Trump took off his mask as he prepared to address his supporters on the lawn below

A maskless Donald Trump has delivered a speech in front of cheering supporters at the White House in his first public appearance since being hospitalised.

The event was officially a “peaceful protest” for law and order, but looked much like a Trump campaign rally.

The president, who says he is no longer taking medicines against Covid-19, told the crowd he was “feeling great”.

The White House has not provided an update on the president’s health since Thursday.

It is unclear whether the president remains contagious following his three-day hospital stay with Covid-19.

Joe Biden’s campaign said the Democratic candidate had tested negative for the coronavirus on Saturday, ahead of a planned campaign trip to Pennsylvania.

What did Mr Trump say at the White House event?

Saturday’s White House gathering was partly organised by a foundation called “Blexit”, which aims to get black and Latino voters to support the Republican party.

The president railed against Mr Biden, describing the Democrat’s programme as “beyond socialism – Communist, that’s about right”. Mr Biden is generally considered to be a moderate Democrat.

Mr Trump repeated his previous assertion that he had done more for the black community than any president since Abraham Lincoln –
a claim the BBC has previously fact-checked
.

He also said a vaccine against coronavirus would be ready “very, very soon”, which is contrary to what the director of the US Centers for Disease Control told senators last month.

Polling suggests Mr Biden has a single-digit lead over Mr Trump and an ABC News/Ipsos poll found that just 35% of Americans approved of how Mr Trump has handled the coronavirus crisis.

However, US presidential elections are in practice determined in key states where both candidates stand a chance of winning, rather than by the total number of votes won, as Hillary Clinton found to her cost in 2016.

The president says he is planning to attend a “big rally” in Florida – a battleground state in next month’s presidential election – on Monday.

What is the latest on the president’s health?

Mr Trump told Fox News that he was feeling “really, really strong” and was no longer on medication, having had his “final doses of just about everything”.

On Thursday
the president’s doctor Sean Conley said that it would be safe for him to return to public engagements on Saturday
[10 October] as that would mark “day 10” since his diagnosis on Thursday 1 October.

Following his diagnosis, Mr Trump spent three nights in hospital and was treated with the steroid dexamethasone, the antiviral drug remdesivir and a cocktail of manufactured antibodies made by the company Regeneron.

The
CDC recommends self-isolation for at least 10 days after coronavirus symptoms first appear
, with more severe illness, such as that requiring hospital treatment, potentially needing up to 20 days.


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Trump Addresses Supporters At White House, Before Florida Rally

Nine days after testing positive for Covid-19, US President Donald Trump delivers a White House address Saturday to hundreds of partisans, in hopes of relaunching his struggling campaign less than four weeks from Election Day.

Trump has declared he is feeling “really good” — but doubts linger over his health, with the president’s doctor appearing more concerned about pleasing his star patient than communicating transparently with the public.

“Right now I’m medication-free, I’m not taking any medications as of, you know, probably eight hours ago,” Trump told Fox News on Friday night, the first on-camera interview since his diagnosis and three-night hospitalization.

For months, taking their cue from a president who mostly shunned, and at times mocked, the wearing of masks, White House advisors were rarely seen masked inside the West Wing.

Since Trump and his wife Melania tested positive, the mood has shifted. A source with knowledge of planning for Saturday’s outdoor event said all guests will be required to wear a mask to listen to Trump give his address from a White House balcony.

Donald Trump returned to the White House on October 5, 2020 after spending three nights at Walter Reed military hospital Donald Trump returned to the White House on October 5, 2020 after spending three nights at Walter Reed military hospital Photo: AFP / NICHOLAS KAMM

A similar gathering two weeks ago, to announce the nomination of conservative judge Amy Coney Barrett to the Supreme Court, has been singled out as a likely source of many of the dozens of positive cases since linked to the White House.

Anthony Fauci, the respected director of the National Institute of Allergy and Infectious Disease, has referred to it as a “superspreader event.”

Many questions remain unanswered about the White House outbreak, with more than a dozen cases recorded in the president’s inner circle, including his spokeswoman Kayleigh McEnany.

“When was the president’s last negative Covid test?” asked Pete Buttigieg, a former contender for the Democratic presidential nomination, now tipped for a prominent role in a Joe Biden administration should he defeat Trump on November 3.

Joe Biden is currently riding close to 10 points ahead of Donald Trump in national polls ahead of the November 3 election Joe Biden is currently riding close to 10 points ahead of Donald Trump in national polls ahead of the November 3 election Photo: AFP / ROBERTO SCHMIDT

Trump’s biggest liability — overwhelming public dissatisfaction over his handling of the pandemic — has returned as the headline issue of the campaign thanks to his own infection, with cases again on the rise nationwide.

The seven-day average of new daily cases recorded between October 3 and 9 — 47,184 — was the highest since the week of August 13 to 19 with an average of 47,530 new cases, according to an AFP analysis of data from Johns Hopkins University.

“Over 213,000 Americans have died from this virus — and the hard truth is it didn’t have to happen this way,” Biden tweeted on Saturday.

Barack Obama’s former vice president — who is currently riding close to 10 points ahead in national polls and has solidified his lead in key battleground states — is continuing to campaign at his own pace.

In the Republican camp,

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Trump Plans In-Person White House Event, Rally in Florida

WASHINGTON—President Trump is planning to hold his first in-person events since being treated for a coronavirus infection with a gathering on Saturday at the White House and a campaign rally Monday in Florida.

Mr. Trump was scheduled to deliver remarks on Saturday at 2 p.m. from the South Portico balcony at the White House, officials said.

A White House official said Mr. Trump planned to focus his remarks on law and order issues. Officials didn’t say who would be in attendance.

Guests in attendance for the event were being requested to bring a mask with them and would be instructed to wear it on the White House grounds, an official said. All attendees would be given a temperature check and a brief questionnaire about recent symptoms, the official said.

Mr. Trump said in a tweet Friday that he would “be in Sanford, Florida on Monday for a very BIG RALLY!” Officials have been also considering travel in Michigan and Pennsylvania.

Mr. Trump said in a Fox News interview Thursday night that he might do a campaign rally in Florida Saturday and in Pennsylvania Sunday, but officials said he doesn’t plan to travel this weekend.

The Commission on Presidential Debates said Friday it decided to cancel the planned matchup next week between Mr. Trump and Joe Biden, according to a person familiar with the matter. The move followed Mr. Trump’s decision to not participate in a virtual debate.

The organizing body had previously said it was changing the format for the planned second debate on Oct. 15 from an in-person town hall in Miami to a virtual meeting. The decision came after the president and several people in the White House tested positive for coronavirus.

The president said he wouldn’t join a virtual debate, and his campaign called for the two remaining debates to be moved back. Mr. Biden’s campaign, however, objected to changing the dates.

“It is now apparent there will be no debate on October 15, and the CPD will turn its attention to preparations for the final presidential debate scheduled for October 22,” the commission said in a statement. “Both candidates have agreed to participate in the October 22 debate.”

The debate will take place at Belmont University in Nashville. The topics for the debate will be selected by Kristen Welker, an anchor with NBC News, who will moderate.

“There is no medical reason to stop the October 15 debate in Miami from proceeding as scheduled, since the president will be healthy and ready to debate,” said Tim Murtaugh, communications director for the Trump campaign. Mr. Murtaugh also suggested that Mr. Biden participate in a third debate even if it isn’t organized by the commission. “We would be glad to debate one-on-one without the commission’s interference,” he said.

Andrew Bates, a spokesman for the Biden campaign, said in a statement Friday that the former vice president looks “forward to making his case to the American people about how to overcome this pandemic, restore American leadership and our alliances

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House GOP leaders rally opposition to Democrats’ scaled-down COVID bill

House Republicans are rallying members to oppose a new scaled-down coronavirus relief package from Democrats.

The GOP effort comes as negotiations between Speaker Nancy PelosiNancy PelosiAirline industry applauds Democrats for including aid in coronavirus relief package Democrats unveil scaled-down .2T coronavirus relief package Trump tax reveal roils presidential race MORE (D-Calif.) and Treasury Secretary Steven MnuchinSteven Terner MnuchinDemocrats unveil scaled-down .2T coronavirus relief package Households, businesses fall into financial holes as COVID aid dries up Centrist Democrats got their COVID bill, now they want a vote MORE showed signs of progress Tuesday on a COVID-19 aid bill after a weeks-long impasse.

Democrats unveiled their $2.2 trillion slimmed down proposal on Monday evening, which could come to the floor for a vote before the end of the week if a bipartisan agreement isn’t reached. The price tag is significantly lower than the $3.4 trillion HEROES Act passed by House Democrats in May.

But House GOP leaders on Tuesday rejected the new legislation.

“This bill recycles the same socialist wish list that was offered in the Heroes Act, which House Republicans overwhelmingly rejected,” House GOP Whip Steve ScaliseStephen (Steve) Joseph ScaliseGinsburg becomes the first woman to lie in state in the Capitol House GOP slated to unveil agenda ahead of election House panel details ‘serious’ concerns around Florida, Georgia, Texas, Wisconsin elections MORE wrote in a memo sent to members urging a “no” vote on the legislation.

“Costing approximately $2.2 trillion, this is nothing more than a messaging exercise intended to appease the far-left base by included progressive policies that have nothing to do with the COVID-19 pandemic. Neither this bill nor anything like it will ever become law and Republicans should remain unified against this partisan power grab,” he added.

Congressional Republicans have expressed strong reservations about a number of provisions in the new bill from Democrats, including “subsidized Obamacare” for those receiving unemployment, the process in which the $600 a week in unemployment insurance would be extended, the potential for undocumented immigrants to receive stimulus payments and language calling for the release of certain federal prisoners.

The GOP memo noted that conservative outside groups — including Heritage Action, National Taxpayers Union, Americans for Prosperity, Americans for Tax Reform, Numbers USA, the Federation for American Immigration Reform (FAIR), Taxpayers Protection Alliance  and the Eagle Forum — have come out strongly against the Democratic measure.

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Watch live: Trump holds White House news conference before campaign rally

President Trump is holding a news conference at the White House as he tries to make the case that his administration has done an a good job responding to the coronavirus pandemic and he deserves a second term.

On Friday, the president tried to insist that former Vice President Joe Biden did a horrible job handling the H1N1 pandemic, while his administration has done a much better job with a much tougher virus. 

“Biden FAILED BADLY with the Swine Flu. It was the Gang That Couldn’t Shoot Straight”. He didn’t have a clue. We have done an incredible job with the much tougher China Virus!” Mr. Trump tweeted.

According to the Centers for Disease Control, 12,469 Americans died from H1N1 from April 2009 to April 2010, while 196,277 Americans have died so far from COVID-19 over six months.


How to watch President Trump’s news conference

  • What: President Trump holds a news conference
  • Date: August 5, 2020 
  • Time: 2 p.m. ET
  • Location: The White House
  • Online stream: Live on CBSN – in the player above and on your mobile or streaming device 

Mr. Trump visited Wisconsin Thursday night for a campaign rally, and he’ll be in Minnesota on Friday night for another rally. The president is trying to win both of those midwestern states in November. 

On Thursday night, Mr. Trump suggested coronavirus statistic would be much better without Democrat-run states. 

“We’re doing a great job. But if you really see a great job,” Mr. Trump said Thursday night. “Take New York and some of these other Democrat run states out of it. You’ll see numbers that are unbelievable. Because New York had a very, very hard time. A lot of bad things happened. But if you take a few states out and you’ll really see numbers.”

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