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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

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 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

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.

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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

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