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Pool Corporation's Q2 Guidance Cut Indicates Further Weakness
POOLPool Corp(POOL) Seeking Alpha·2024-06-25 04:23

hikesterson/iStock via Getty Images Shares of Pool Corporation (NASDAQ:POOL) have been a weak performer over the past year, losing 5% during a significant bull market. Lower construction activity, high rates, and modest disposable income growth have caused consumers to pull back on large home projects, like pool construction. This concern led me to rate shares as a "sell" last October. Since then, they have significantly underperformed, gaining just 6% vs the market's 29% rally. On Monday, POOL significantl ...