The Acquirers Podcast · Thursday, October 1, 2026
Jonathan Boyar notes that Pool Corp, a supplier of swimming pool products, has seen its stock price drop significantly from its COVID-era peak of 55 times earnings to a current 15-16 times earnings. While acknowledging the stock got ahead of itself, he believes the business is fundamentally sound with good management and low leverage. Boyar suggests the current valuation makes it worth considering, especially for long-term investors.
“During COVID, it got to 55 times earnings. And that was just absolutely ridiculous.”
“And we've been watching it as it went from $500 a share to $400 a share to $300 a share to $200. Now it's $162 selling at 15 or 16 times earnings, very little leverage, very good management team, very good board in a good business.”
“And to us, it's 16 times earnings, 15 times earnings. We're willing to take our chances at 55 times earnings. That's ridiculous. Everything has a price.”