Despite a slight downturn in the pool market due to economic challenges, Pool Corp is thriving with only 14% of its business coming from new pool installations. The company distributes outdoor equipment, has a wide product range, and boasts a strong presence in the maintenance and repair sector, contributing to its success.

Pool Corp recently reported a 1% increase in revenue, with net income and earnings per share rising as well. Despite revised guidance for the year, the company remains a solid investment option, especially for long-term investors. Berkshire Hathaway’s addition of Pool stock to its portfolio signals confidence in its stability and growth potential.

With a growing dividend, increasing cash position, and consistent profit margins, Pool is an undervalued income stock poised for future growth. Its steady performance and strategic buyback and dividend payout strategies make it an attractive choice for both short-term income investors and long-term investors seeking stable returns.

For those considering investing in Pool Corp, a dollar-cost averaging strategy may help mitigate short-term volatility. While the stock may not be a high flyer, it offers stability and potential for future gains. Wall Street is starting to recognize the value of Pool Corp, making it an opportune time to consider adding it to your investment portfolio.

Read more at Yahoo Finance: Why Pool Corp Stock Could Be the Cool Play in a Hot Summer