Leslie's

[Mike1162]

Don't know if this has come up before. Leslie's went public last October.
Leslie's stock price

So here's my evil plan:
1) We all invest heavily in Leslie's stock.
2) We stop promoting liquid chlorine and suggest everyone get their water tested at Leslie's and buy everything they recommend.
3) Rake in all kinds of money as the stock soars.

We'll be rich I tell ya, RICH!

 

[mknauss]

 

[jimim]

I’m actually surprised it’s 20 some dollars a share. I figured 2-3 bucks the most.

 

[Mike1162]

I’m actually surprised it’s 20 some dollars a share. I figured 2-3 bucks the most.

It doesn't seem like the typical company that goes public. Relatively small in my mind.

 

[PoolGate]

I'll never understand how they value a company. Leslie's is worth $4.5 billion dollars?

 

[Rocket J Squirrel]

Maybe they're bigger than you thought.

Leslie's Inc. is direct-to-consumer pool and spa care brand. The Company offers its products under the brand Jacuzzi, Hayward, Natural Chemistry, Dolphin, Zodiac, Nature2, Pentair and Waterway.

Why go public? Well the CEO and President each cashed out tens of millions of dollars worth in June, along with other insiders.

 

[jimim]

It doesn't seem like the typical company that goes public. Relatively small in my mind.

Right. That’s why I figured like really cheap.

 

[Newdude]

I'll never understand how they value a company. Leslie's is worth $4.5 billion dollars?

Inventory on the shelf is a capital asset. So each of their 930 stores is worth a little north of $4.8 million. That's, like, 12 bottles of no-phos and 35 quarts of algecide each.

 

[JLT3]

Inventory on the shelf is a capital asset. So each of their 930 stores is worth a little north of $4.8 million. That's, like, 12 bottles of no-phos and 35 quarts of algecide each.

I checked you math and...it's correct.

Seriously though, yes the store serves little useful purpose, however people do shop there. I have had about 10 families over my house in the past couple of months and I believe 7 of them are adding pools...at least trying to, but most builders are several months backed up...so maybe the stock is a buy anyway.

 

[Newdude]

No two ways about it. They have the most customers for residential pool products. I forget now cuz it was a while ago but #2 and #3 combined couldn’t take the #1 spot. As much as we don’t like their ways, they aren’t going ANYWHERE.

 

[Katodude]

First we have to start promoting their at home $50/month testing device. Then we make sure people buy lots of ammonia and copper based products. Dont forget after we prop up their stock price we have to dump and go crazy short on the stock too.

We all join reddit stock groups, and make big headlines. Leslies not needed, pool owners can take care of their pools by themselves for fractions of the cost!!!