Have you recently come across a windfall of money, moved on from some losing stocks, booked profits on a big winner, or simply set some money aside from your paycheck and are looking for ways to deploy new capital? Then this article is for you.
Warren Buffett recently made news about the stocks that Berkshire Hathaway Inc. NYSE: BRK.B sold. But it looks like Buffett isn't sitting this rally out completely.
Buffett and company have started buying a stock that's been swimming circles around the market for decades.
Warren Buffett's Berkshire Hathaway bought Domino's Pizza and Pool Corp. stock last quarter. Buffett loves fast food and already owns distribution businesses, making the pair a natural fit.
Warren Buffett's Berkshire Hathaway purchased stakes in Domino's Pizza and Pool Corp. last quarter. The investing legend's company made big cuts to its huge Apple and Bank of America positions.
Berkshire Hathaway initiated these new positions during the third quarter even as it cut back its holdings of big names like Apple and Bank of America.
POOL's performance in the third quarter of 2024 benefits from steady demand in the maintenance segment, while the more discretionary areas continued to face challenges.
Pool Corporation (NASDAQ:POOL ) Q3 2024 Earnings Conference Call October 24, 2024 11:00 AM ET Company Participants Melanie Hart - Vice President, Chief Financial Officer, and Treasurer Peter Arvan - President and Chief Executive Officer Conference Call Participants Scott Schneeberger – Oppenheimer Ryan Merkel - William Blair Susan Maklari - Goldman Sachs David Manthey – Baird David MacGregor - Longbow Research Chirag Patel - Jefferies Andrew Carter - Stifel Trey Grooms – Stephens Garik Shmois - Loop Capital Sam Reid - Wells Fargo Sean Keenan - Bank of America Operator Good morning, everyone and welcome to the Pool Corporation Third Quarter 2024 Conference Call. All participants will be in a listen-only mode.
Pool Corp. (POOL) came out with quarterly earnings of $3.26 per share, beating the Zacks Consensus Estimate of $3.15 per share. This compares to earnings of $3.50 per share a year ago.
POOL's third-quarter 2024 results are likely to be hurt by lower sales volume courtesy of reduced pool construction and deferred discretionary replacement activities.
Investors need to pay close attention to POOL stock based on the movements in the options market lately.
POOL's focus on expanding its digital ecosystem and network expansion bodes well for future growth. However, a slowdown in discretionary spending is a concern.