Source: Motley Fool
Date of Publication: June 17th, 2020
The home improvement retailer's competitive advantage has nothing to do with numbers. Oftentimes, the strongest competitive advantages we see in the world of business are built from intangible assets. These are characteristics that may not seem obvious at first, but that can seriously impact a company's long-term success. This is the case for Home Depot (NYSE:HD), which has a robust organizational culture that has played a key role in the stock's sevenfold rise over the past decade.