The reports on Pool Corporation (POOL) present a mixed picture. Despite coming under somewhat of a performance strain in comparison to the Nasdaq, analysts still consider the stock as a long-term investment. Included in recent events was the announcement of a $1.20 dividend per share, positioning the company favourably among shareholders. The Corporation also experienced a shakeup with a key executive departure.
Following its annual report, Warren Buffet made a significant addition of POOL shares to Berkshire Hathaway's portfolio. However, it is important to note that some investors admit hesitation to follow Buffet's lead into the company. The Street appears to have mixed sentiments toward the stock, but several questions directed to Pool’s CFO at the upcoming Loop Capital Conference could provide more insight.
While their Q4 earnings exceeded expectations, revenues dipped and the following fiscal year outlook was soft. Despite declining year-on-year, cash flow surged by 152%, causing some anomaly. However, the stock reacted negatively to weaker-than-anticipated summer demand for pools. Even so, Berkshire Hathaway took a $550 million stake in the company, citing 'unbelievably good' opportunities within it.
Pool Corporation POOL News Analytics from Mon, 06 May 2024 07:00:00 GMT to Fri, 28 Mar 2025 12:01:00 GMT - Rating 6 - Innovation -6 - Information 7 - Rumor -2
