#312~ 2 Dividend Stocks Down Big (I Think It's Temporary) · Dapper Dividends · Radar

Pool Corp Analysis0:46 – 9:08

RussHost

0:46

Stock number one is Pool Corp, ticker P-O-O-L.

RussHost

0:50

And Pool Corp doesn't build pools.

RussHost

0:53

They don't clean them.

RussHost

0:54

They're literally just the middle people.

RussHost

0:57

Over 450 warehouses, about 200,000 products, things like chemicals, pumps, filters, heaters, replacement parts.

RussHost

1:07

They sell to about 125,000 pool people, just not to you directly.

RussHost

1:13

I like to think of them as the Watsko of swimming pools.

RussHost

1:16

And about 64% of sales is stuff that people have to buy.

RussHost

1:21

Chlorine, filters, a pump that died in July, and only 14% is brand new pools.

RussHost

1:29

So if you skip chlorine and your pool turns green, nobody wants a green pool.

RussHost

1:34

Not even leprechauns on St. Patrick's Day.

RussHost

1:37

So Pool Corp dropped because during COVID, everybody built a pool when they had cheap money and they were stuck at home.

RussHost

1:45

Then rates went up and new pool buildings stopped cold.

RussHost

1:48

And you see that because they had about 120,000 new pools in 2021.

RussHost

1:50

And that was cut in half to around 60,000 right now.

RussHost

1:57

Also, Berkshire Hathaway had started a position in Pool Corp, but they fully exited that in quarter one of 2026.

RussHost

2:05

And then their CEO, Pete Arvan, who had been with the company as a leader for almost 20 years, retired.

RussHost

2:12

And Pool Corp's stock has fallen from about $330 to under $200.

RussHost

2:17

So Simply Safe Dividends gives Pool Corp a rating of 69 safe.

RussHost

2:23

Remember, this is not anything about the company.

RussHost

2:26

All that this is is the likelihood of a dividend cut, which Simply Safe Dividends feels that the dividend for now is safe.

RussHost

2:34

We'll get into it a little more, but as you see on the screen, that they think they are undervalued and that dividend yield is currently 2.8%.

RussHost

2:43

So check it out during the last recession, which I don't think we do those anymore.

RussHost

2:47

They canceled recessions, but Pool Corp maintained that dividend during the 07-09 recession.

RussHost

2:53

But the recession return was negative 56% and it was almost identical to the S&P 500's negative 55%.

Pool Corp Analysis0:46 – 9:08

RussHost

0:46

Stock number one is Pool Corp, ticker P-O-O-L.

RussHost

0:50

And Pool Corp doesn't build pools.

RussHost

0:53

They don't clean them.

RussHost

0:54

They're literally just the middle people.

RussHost

0:57

Over 450 warehouses, about 200,000 products, things like chemicals, pumps, filters, heaters, replacement parts.

RussHost

1:07

They sell to about 125,000 pool people, just not to you directly.

RussHost

1:13

I like to think of them as the Watsko of swimming pools.

RussHost

1:16

And about 64% of sales is stuff that people have to buy.

RussHost

1:21

Chlorine, filters, a pump that died in July, and only 14% is brand new pools.

RussHost

1:29

So if you skip chlorine and your pool turns green, nobody wants a green pool.

RussHost

1:34

Not even leprechauns on St. Patrick's Day.

RussHost

1:37

So Pool Corp dropped because during COVID, everybody built a pool when they had cheap money and they were stuck at home.

RussHost

1:45

Then rates went up and new pool buildings stopped cold.

RussHost

1:48

And you see that because they had about 120,000 new pools in 2021.

RussHost

1:50

And that was cut in half to around 60,000 right now.

RussHost

1:57

Also, Berkshire Hathaway had started a position in Pool Corp, but they fully exited that in quarter one of 2026.

RussHost

2:05

And then their CEO, Pete Arvan, who had been with the company as a leader for almost 20 years, retired.

RussHost

2:12

And Pool Corp's stock has fallen from about $330 to under $200.

RussHost

2:17

So Simply Safe Dividends gives Pool Corp a rating of 69 safe.

RussHost

2:23

Remember, this is not anything about the company.

RussHost

2:26

All that this is is the likelihood of a dividend cut, which Simply Safe Dividends feels that the dividend for now is safe.

RussHost

2:34

We'll get into it a little more, but as you see on the screen, that they think they are undervalued and that dividend yield is currently 2.8%.

RussHost

2:43

So check it out during the last recession, which I don't think we do those anymore.

RussHost

2:47

They canceled recessions, but Pool Corp maintained that dividend during the 07-09 recession.

RussHost

2:53

But the recession return was negative 56% and it was almost identical to the S&P 500's negative 55%.