Pool Corporation (NASDAQ:POOL) has now been down 14 days in a row. POOL "distributes swimming pool supplies and related products to swimming pool builders and remodelers, independent retail stores, and swimming pool repair and service companies."
The 14-day losing streak and year to date decline of -24.71% is a pretty clear indication that investors believe the housing slump is spilling over into the residential pool industry. As shown by the chart below, this is clearly the longest losing streak since the stock went public back in 1995.
Monday's decline of -5.05% was the stock's worst day of the 14-day decline, and its estimated PEG ratio is now below one. Is this a sign of capitulation?