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Could Buying Pool Corp Today Set You Up for Life?
Investors often look to the decisions of Warren Buffett and his team at Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), thinking Berkshire's investment decisions can set them up for a lifetime of profits. But even the Oracle of Omaha makes investment mistakes. So what about Berkshire Hathaway's position in Pool Corp (NASDAQ: POOL)? Is this a long-term winner? Perhaps, but there's a caveat.Pool Corp is basically a specialized retailer. It sells supplies to build, update, and maintain pools. These are recreational assets, and they have some rather interesting dynamics. The first piece to keep in mind is that once a pool is built, it has to be maintained unless you want a green swamp in your backyard. That means constant spending on maintenance. Second, each new pool that gets built adds to the ongoing demand for maintenance supplies.Image source: The Motley Fool.Continue reading
Investors often look to the decisions of Warren Buffett and his team at Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), thinking Berkshire's investment decisions can set them up for a lifetime of profits. But even the Oracle of Omaha makes investment mistakes. So what about Berkshire Hathaway's position in Pool Corp (NASDAQ: POOL)? Is this a long-term winner? Perhaps, but there's a caveat.
Pool Corp is basically a specialized retailer. It sells supplies to build, update, and maintain pools. These are recreational assets, and they have some rather interesting dynamics. The first piece to keep in mind is that once a pool is built, it has to be maintained unless you want a green swamp in your backyard. That means constant spending on maintenance. Second, each new pool that gets built adds to the ongoing demand for maintenance supplies.
Image source: The Motley Fool.
