Jim Cramer remembers that it was only a few weeks ago that investors were salivating over any stock that was remotely related to the health of the consumer or the housing market. But now that investors have become worried about a domestic slowdown, everything that used to be hot is decidedly not.
Pool Corporation is one of those stocks that has recently fallen out of favor with investors, down 4 percent in the past month. But could investors be throwing the baby out with the bathwater?
Pool Corp is the dominant provider of pool parts, supplies and maintenance equipment in the U.S. Just last week, the company reported a fantastic quarter and beat Wall Street's expectations. It also reaffirmed full-year guidance. It delivered a 5-cent earnings beat from a 14-cent basis, with higher than expected revenues.
As a result, the stock jumped to $72 in the same day, but has since been slammed as worried money managers rotate out of stocks related to housing and consumer discretionary spending.
Considering the solid fundamentals of the company, could this stock be worth buying into weakness? To find out, Cramer spoke with Pool Corp CEO Manuel Perez De La Mesa.