Core Viewpoint - Pool Corporation is presented as a compelling investment opportunity due to its strong operational history, reasonable dividend, share repurchase program, and current attractive valuation in a challenging market [1][3]. Group 1: Company Overview - Pool Corporation (POOL) has faced challenges in recent years, primarily due to the Federal Reserve's economic tightening measures, leading to declines in growth and stock performance [3][4]. - The company operates in the swimming pool supplies distribution sector, which has historically generated significant returns for long-term investors [2]. Group 2: Financial Performance - In the third quarter, Pool Corporation reported a 3% year-over-year decline in sales, with projections indicating a 15% to 20% decrease in sales related to new construction units for the full year of 2024 [10][11]. - Management anticipates a decline of up to 15% in renovation and remodeling sales, while maintenance sales are expected to remain flat or show slight growth [11]. Group 3: Market Dynamics - The impact of higher interest rates has been particularly pronounced in the lower-budget residential projects, as these customers are more sensitive to financing costs [4][5]. - Approximately 62% of Pool Corporation's sales are derived from maintenance supplies, which are less affected by interest rate fluctuations [5]. Group 4: Management and Capital Allocation - Pool Corporation's management has effectively reduced debt from over $1 billion to $924 million while repurchasing $159 million of shares in the first three quarters of the year [6]. - The company maintains a dividend yield of about 1.4% and has increased its borrowing capacity by $50 million to $800 million [6]. Group 5: Investment Consideration - The stock is suggested as a potential small position in investment portfolios, with a price-to-earnings multiple of less than 30 times earnings, which could be justified if interest rates decline [7].

SINGAPORE, Dec. 05, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc. (“BitFuFu” or the “Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced the launch of BitFuFu Pool, its private-label mining pool offering industry-leading commission rates starting as low as 0.4%. Beginning next week, BitFuFu Pool will be available to BitFuFu app users when purchasing cloud-mining products and miner services where they can also receive promotional benefits. BitFuFu Pool is ex ...

COVINGTON, La., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq:POOL) announced today that Melanie M. Hart, Vice President and Chief Financial Officer, will participate in the Nasdaq 51st Investor Conference, held in association with Morgan Stanley, in London, United Kingdom, on Tuesday, December 10, 2024. Conference participation will consist of investor meetings and a fireside chat. Pool Corporation is the world’s largest wholesale distributor of swimming pool and related backyard products. POO ...

I covered Leslie's Inc. (NASDAQ: LESL ) last spring during a deep dive into the pool and spa care industry. They’re a leading direct-to-consumer brand, selling everything you need to keep pools and spas in shape. They stock chemicals, parts, cleaning tools, and safetyThe mission of Grassroots Trading rests on the following principles: providing objective, unbiased, and balanced research, backed by solid data and completely void of emotional influences or preference for companies; focusing on small- to mid-c ...

Warren Buffett recently made news about the stocks that Berkshire Hathaway Inc. NYSE: BRK.B sold. But it looks like Buffett isn’t sitting this rally out completely. On November 15, Buffett made two significant purchases in two stocks that the company had not previously owned. The stocks were Domino’s Pizza Inc. NYSE: DPZ and Pool Corp. NASDAQ: POOL.  Pool TodayPOOLPool$362.71 +1.87 (+0.52%) 52-Week Range$293.51▼$422.73Dividend Yield1.32%P/E Ratio31.21Price Target$369.11Add to WatchlistThe holdings make up ...

Buffett and company have started buying a stock that's been swimming circles around the market for decades.Legendary investor and billionaire Warren Buffett invests through his holding company, Berkshire Hathaway. Buffett's fame and success have made him a Wall Street icon, so people pay attention to the stocks he buys and sells. Berkshire Hathaway has made headlines this year by selling enough stocks to raise the company's cash to more than $325 billion, an eye-popping financial war chest large enough to a ...

Advertisement Warren Buffett's Berkshire Hathaway bought Domino's Pizza and Pool Corp. stock last quarter.Buffett loves fast food and already owns distribution businesses, making the pair a natural fit.The "Buffett Effect" boosted shares of both companies on the news.Warren Buffett's Berkshire Hathaway added Domino's Pizza and Pool Corp. to its stock portfolio last quarter, a regulatory filing revealed on Thursday. The pizza chain and swimming pool specialist seem like good fits.The famed investor's conglo ...

Warren Buffett's Berkshire Hathaway (BRK.A; BRK.B) took stakes in Domino's Pizza (DPZ) and swimming pool supplier Pool Corp. (POOL) in the third quarter while continuing to trim stakes in longtime holdings Apple (AAPL) and Bank of America (BAC). The moves were part of a series of shareholding adjustments—disclosed in regulatory documents filed late Thursday—that show Buffett continues to be a net seller of stocks as he builds Berkshire's already-enormous cash holdings. The conglomerate announced earlier th ...

Warren Buffett's Berkshire Hathaway purchased stakes in Domino's Pizza and Pool Corp. last quarter.The investing legend's company made big cuts to its huge Apple and Bank of America positions.Berkshire pared other holdings such as Capital One, and sold almost all of its Ulta Beauty shares. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your fa ...

SINGAPORE, Nov. 11, 2024 (GLOBE NEWSWIRE) -- MEXC, a globally recognized cryptocurrency exchange, has unveiled its “Ferrari Giveaway” event, inviting users worldwide to register and participate for a chance to win prizes from a 10,000,000 USDT pool. Registration opens on November 11, 2024, at 07:00 (UTC), with the event running from November 17 to December 17, 2024. Participants can compete for multi-million dollar prizes, including the grand prize of a Ferrari SF90 Stradale. MEXC's Ferrari Giveaway Event ...