Reported about 23 hours ago
Warren Buffett's Berkshire Hathaway has recently added Pool Corp., the largest wholesale swimming pool distributor, to its portfolio. Investors should consider several factors: Pool Corp. operates in a cyclical business that relies on expensive installation and repair jobs, has shown impressive long-term growth since its IPO, returns cash to shareholders, and operates within a growing market. Despite Buffett's modest stake, the stock's high P/E ratio combined with its cyclical nature means that careful evaluation through methods like dollar-cost averaging is advised for potential investors.
Source: YAHOO