Why have margins been so low over the last ~4-5 quarters? I understand they were elevated, but when comparing to pre-COVID, the margins are down significantly too...
What do you think the right long-term normalized EBITDA... login to read the rest
hey - sorry. I see a small risk to starts being a bit lower than that but not demonstrably... Pool is far more leveraged to maintenance which is definitely more stable than starts but subject... login to read the rest
Ok. I am going to take the bait. I'm afraid I have to disagree; this is where we differ most.
Pool demand (new install + maintenance) went to stratospheric levels due to the pandemic.
Covid pulled forward... login to read the rest
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