Leslie's: Valuation Unlikely To See Upside As Demand Environment Remains Poor

I recommended a hold rating for Leslie’s (NASDAQ: LESL ) when I wrote about it in February, as I remained uncertain about the demand outlook and that it could miss its FY24 guidance if the macroI consider an investment ideal if it performs its core business in a sector projected to experience structural (organic) growth in excess of GDP growth over the next 5-10 years; profits from sustainable competitive advantages that translate into attractive unit economics; In the hands of competent, ethical, and long- ...