NasdaqGS:POOLRetail Distributors
Parnassus Exit Puts Pool Demand And Valuation In The Spotlight
Parnassus Mid Cap Fund has fully exited its position in Pool Corporation (NasdaqGS:POOL).
The fund cited weak demand for new pools and concern that Pool Corp's valuation does not match its growth outlook.
The move signals a meaningful shift in institutional sentiment toward Pool Corp's long term demand and pricing expectations.
Pool Corporation sits at the center of the swimming pool and outdoor living supply chain, serving contractors, retailers, and service professionals. When a large...