Business & Finance

3 Excellent Stocks That Are Likely to at Least Double Your Money

3 Excellent Stocks That Are Likely to at Least Double Your Money #Excellent #Stocks #Double #Money. Here is what we have for you today on TmZ Blog.

One of them hopes to triple its business; the second one is going to capitalize on a $100 billion market opportunity, and the third wants to grow the revenue seven times.

Redfin (real estate), Floor & Decor Holdings (home-improvement), and RH (luxury furniture) have been considered promising since they went public, so we might well expect them to grow even more in the future. They are determined to achieve their impressive business goals in the future, so the investors are likely to double their money (or maybe even more).

1. Floor & Decor Holdings

All images and videos are copyrighted to their respective owners

Floor & Decor added as many as 20 new locations in 2019 (that’s 20% year-over-year unit growth, and this rapid growth is expected to go on for a while. There are 123 stores at the moment, and the company is striving for having 400 locations in 12 years. 

So far, Floor & Decor has managed to reopen all of its stores after the closures caused by the pandemic. Despite being hard to ship, the flooring materials were still being sold well, but real locations are a must in this business. Recently Floor & Decor CFO Trevor Lang supposed that commercial real estate might get cheaper because of numerous retail businesses shutting down. This, while being terrible news, means that the company will be able to get new locations.

Floor & Decor is consistently profitable even though it’s spending has been growing over the years. This trend has been present since 2014, and it doesn’t seem to disrupt the company’s impressive growth.

2. Redfin

All images and videos are copyrighted to their respective owners

A real estate transaction includes lots and lots of expenses like the agent’s commission, title insurance, taxes, and so on. It’s so expensive and complicated. The good news is that Redfin can handle everything (except taxes) using the technology of a streamlined experience at lower rates.

If we calculate how much all the processes going into buying or selling a house make up for, we’ll come to the conclusion that Redfin has a more than $100 billion market opportunity. Take into account their $780 million revenue last year and you’ll see how much space for growth the company has. 

According to ATTOM Data Solutions, the average time a buyer lives in a house is estimated to be over eight years. Given that the company only launched in 2006, the customer loyalty has a great potential as well, even though it’s quite high already (there was 44% growth shown in repeat customers last year only).

All in all, it’s obvious that Redfin is picking up momentum, and it’s not going to slow down, which makes it a great investment idea.

 3. RH

All images and videos are copyrighted to their respective owners

It’s difficult to imagine a more contrarian company than RH. While other players in the home furnishings business are opting for inexpensive products, RH concentrates on luxury furniture demonstrated in gaudy showrooms. This approach has its advantages — there are few (if any) other big-name companies doing the same thing.

RH has been showing great results: in 2015-2019 its net income more than doubled thanks to the management wise enough to grow the business and save money at the same time. For instance, RH has chosen a sale/leaseback expansion model which includes developing a location while selling the property and then leases the space. That’s a great way to expand without paying too much for operational expenses.

RH wants to expand into all the major markets in the U.S. and generate $5 billion or $6 billion each year (in 2019 their net revenue was $2.6 billion). In addition, taking the showrooms to international markets is believed to make RH a $20 billion brand.

And there’s more. RH aspires to expand into hotels, food service, experiences, and so on. CEO of the company Gary Friedman stated the objective to create The World of RH. He thus estimates the market opportunity to be from $70 billion to $100 billion. Even a fraction of this success in the future will make your investment into the company today a great financial decision.

You May want to check our other related articles below and download our app.

About TmZ.NG

TmZ.NG is a modern digital platform for regular people who love breaking viral news and entertainment as it happens. You guessed it, a routine.

Our Blog Categories Include: |Leaked Videos |Biography |Business & Finance |Entertainment |Music |Trending News |Videos And Movies |Viral News |World News

Download Our APP

Download Our App For less Ads and more of Premium contents for free

Disclaimer For: 3 Excellent Stocks That Are Likely to at Least Double Your Money

TMZ.NG believes the information on 3 Excellent Stocks That Are Likely to at Least Double Your Money accessible via this website is accurate and trustworthy but makes no promise regarding its timeliness, completeness, or correctness. TMZ.NG isn't a broker. We don't offer individualized investment advice. This website's information is subject to change. This website's content may become old, incomplete, or wrong. We may update obsolete, incomplete, or erroneous information, but aren't required to.

It would be best if you never made an ICO, IEO, or other investment decision based on the material on this website, nor should you consider it financial advice. If you need investing advice on an ICO, IEO, or other investment, visit a licensed advisor. We don't take payment to analyze or report on ICOs, IEOs, cryptocurrencies, currencies, tokenized sales, stocks, or commodities.

Show More

Xam Xin

I'm Olamilekan Atolagbe, I'm fueled by my passion for understanding the nuances of cross-cultural publishing. I consider myself a "forever student," eager to both build on my academic foundations in programming and computer science and stay in tune with the latest content publishing strategies through continued coursework and professional development.

Related Articles

Back to top button

AdBlocker Detected

Please Disable your AdBlocker to Continue using our site. Support us by enabling ads