Poolcorp $POOL will have a down year in 2023 when it comes to both new installs and remodels.

But if you are able to look further out, there is so much potential with a growing and aging base of pools coupled with more upscale and tech integration adding incremental revenues.

At the moment the price seems a bit optimistic given the shorter term headwinds so I’d be looking for an opportunity closer to 250-300$ range for a margin of safety should the recovery post 2023 take longer than expected.

I own a small position and have no intention in selling even though it seems a little overpriced at the moment. Long term, I like the business and I could very easily be wrong about the short term. Ideally I get an opportunity to add on price weakness on short term worries.