Shares of Floor & Decor (NYSE: FND) are trading down about 38% from their all-time highs, and they're also down about 10% in May alone. As a shareholder, I couldn't be happier. I've been hoping for this.

Floor & Decor is one of my top investment ideas for the next decade. So I'm not really concerned with how it performs in the near term. Indeed, I believed the stock got ahead of itself. But I also believed economic conditions would bring the stock back down. And they have.

Here's why Floor & Decor is down, why it's still a solid business, and why investors should love the long-term opportunity.

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Source Fool.com