POOL changes
Pick any two versions below to diff them.
- Price
- $177.34 → $164.91(−7.0%)
- Discount category
- Well below intrinsic value → Below intrinsic value
- Thesis
- removed: New pool construction has fallen sharply since its added: Investors discount Pool Corporation because they fear the pandemic-era removed: peak, added: pool-building boom is over for good. A sudden CEO change and removed: the market worries added: Berkshire Hathaway's full stock exit add to this removed: decline will keep hurting Pool Corporation's sales. added: caution. But most of removed: the company's revenue comes added: Pool Corporation's sales come from maintenance and repair, not new construction. Pool owners removed: must buy chemicals and replace parts every year, whether or not new pools get built. removed: The stock added: For the discount to close, maintenance demand must keep growing even while new construction stays weak. New CEO John Watwood must also removed: faces pressure from added: show he can run the company without disruption after a removed: recent CEO change and from Berkshire Hathaway's full exit of its stake, added: sudden leadership change. Investors get an early read in the Q3 2026 report, due October 22, 2026, which removed: may have added investor caution beyond added: covers the removed: business fundamentals. added: peak pool season. A fuller picture, including whether new-pool construction has found a bottom, likely needs two to four more quarters. If maintenance demand removed: keeps proving durable, added: proves durable and added: margins stabilize, the removed: new CEO executes well, the market may realize the new-construction slump matters less to earnings than feared. added: discount can close over that time.
- Recent events
- Jul added: 29, 2026: Pool Corporation's board declared a quarterly cash dividend of $1.30 per share, paid August 27, 2026. Jul 23, 2026: Pool Corporation reported Q2 2026 results. Net sales rose 2%, to $1.82 billion. Gross margin fell slightly, to 29.7%. May 4, 2026: Pool Corporation named John B. Watwood as President and CEO, replacing Peter Arvan, who stepped down from the role and the board.