Pool Corp.’s stock price has been rising, but Spencerjakab says it is overvalued and could fall off the diving board. WSJWhatsNow
This column is part of the Heard on the Street stock-picking contest. You’re invited toRock-bottom interest rates, the work-from-home wave and the continuing exodus to the Sunbelt have led to a boom in residential swimming-pool construction that the wholesaler, with a market value nearing $20 billion, is perfectly situated to serve. Last year saw 96,000 in-ground pools built in the U.S.
And it wasn’t just new construction. Texas—a state where the company has as many distribution centers as the entire U.S. Northeast and Midwest combined—suffered an unusual winter freeze this year that damaged many pools. More than half of Pool Corp.’s sales are maintenance and repair-related. Meanwhile, existing pools typically need to be overhauled every nine to 12 years.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
ConocoPhillips, AMC Entertainment, Moderna: Stocks That Defined the WeekHere are seven major companies whose stocks moved on the week’s news.
Weiterlesen »
No More Excuses: How 4 Leading Companies Diversified Their BoardsA recent report revealed some disappointing news: Not a single Fortune 500 board is representative of the U.S. population in terms of gender and ethnicity, and, in 2020, minorities held just 18% of Fortune 500 board seats.
Weiterlesen »
Even Caeleb Dressel's dog is a world-class swimmer — watch the videoHis dog, Jane, dives in off the block, just like the pros do!
Weiterlesen »
The Black Person’s Guide to Laser Hair RemovalCost matters and this is not a procedure where you should try to cut corners
Weiterlesen »
Street Style Is Seeing Green at Copenhagen Fashion WeekAdd these looks to your mood board, immediately.
Weiterlesen »
Dollar dented as consumer sentiment divesThe U.S. dollar fell to a one-week low against a basket of currencies on Friday, after a survey showed U.S. consumer sentiment dropped sharply in early August to its lowest level in a decade.
Weiterlesen »