1 Growth Stock Down 50% to Buy Right Now
When Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) steps in to buy a stock, it makes headlines. That is how most investors probably first learned about Pool Corp. (NASDAQ: POOL). But Warren Buffett and his investment team don't just buy any old company. They like to buy well-run businesses when they are attractively priced. And you can easily argue that this description fits with Pool Corp. Here's why you might want to follow Buffett's lead and buy Pool Corp. right now.Before getting into the business model, it is worth a quick look at Pool Corp.'s stock price. As the graph below highlights, it rose dramatically in 2020 and into 2021. And then, in late 2021, the stock fell off a cliff and has been range-bound since. It is currently about 50% below the all-time highs reached in late 2021.Continue reading
When Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) steps in to buy a stock, it makes headlines. That is how most investors probably first learned about Pool Corp. (NASDAQ: POOL). But Warren Buffett and his investment team don't just buy any old company. They like to buy well-run businesses when they are attractively priced. And you can easily argue that this description fits with Pool Corp. Here's why you might want to follow Buffett's lead and buy Pool Corp. right now.
Before getting into the business model, it is worth a quick look at Pool Corp.'s stock price. As the graph below highlights, it rose dramatically in 2020 and into 2021. And then, in late 2021, the stock fell off a cliff and has been range-bound since. It is currently about 50% below the all-time highs reached in late 2021.
