2024-04-13 08:48:31 ET
Summary
- Pool Corporation had a strong performance during COVID, but in Fiscal Year 2023, its revenue and earnings dropped.
- The performance pullback during 2023 shall not constitute any fundamental issue regarding its long-term development.
- Down 5% year to date, the pool equipment distributor is now trading at a level near its 5-year price-to-earnings ratio and EV/EBITDA.
- I expected Pool Corporation to have a flat to negative return in 2024.
Introduction
I expected Pool Corporation ( POOL ) to deliver a flat to negative return in 2024. ...
Read the full article on Seeking Alpha
For further details see:
Pool Corporation: A Stagnant 2024 Expected