Pool Corporation (POOL)
by Zacks Equity ResearchMay 22, 2012 | Comments : 0 Recommended this article: (0)
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Pool's results reflect continued growth in its once-struggling green business. Amid a tough business environment in terms of weak growth in new pool constructions and faltering consumer confidence, Pool's revenue has been marching ahead and exhibits strong earnings power. The upcoming quarter is also seasonally strong.
The company expects the market condition to improve beyond 2012 as well. The company is focused on bolstering shareholder returns by share buybacks and dividend hikes. Hence, we rate the stock Outperform.
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