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PoolCorp Rings Opening Bell at Nasdaq

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PoolCorp Rings Opening Bell at Nasdaq

On Tuesday, October 25, 2022, Pool Corporation (Nasdaq: POOL) rang the opening bell at the Nasdaq MarketSite (4 Times Square, New York) to commemorate more than 25 years of being listed on the market. A number of POOLCORP officials and directors joined CEO Peter Arvan to mark the event.

Recently listed by Barron’s as one of the 10 Hottest Stocks Over the Past 30 Years, ringing the bell marked an important milestone for PoolCorp which trades as the ticker symbol ‘POOL’ on the Nasdaq Global Select Market exchange.

Watch PoolCorp ring the Nasdaq Opening Bell

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Fast Facts About PoolCorp:

South Central Pool Supply, Inc. was founded in 1993, renamed SCP Pool Corporation in 1995, and debuted on the NASDAQ on October 12, 1995. The proceeds from its first public offering (IPO) were utilized to retire the company’s debt and provide the capacity to borrow to further accelerate growth via new acquisitions and the opening of service center locations. The company’s name was changed to Pool Corporation in 2006. 

POOLCORP officials and directors joined CEO Peter Arvan for the ringing of the opening bell at Nasdaq.
POOLCORP officials and directors joined CEO Peter Arvan for the ringing of the opening bell at Nasdaq.

Today, Pool Corporation is the leading distributor of swimming pool equipment, parts, supplies, and accessories. These products include non-discretionary pool care items, such as chemicals and replacement parts, packaged pools (kits to construct swimming pools that include walls, liners, bracing, and other materials), and pool equipment, such as cleaners, filters, heaters, pumps, and lighting.

The company currently maintains 336 sales centers throughout North America, Europe, South America, and Australia, through which it sells more than 160,000 national brand and private label items to about 100,000 wholesale customers.

Featured Photo Credit: PoolCorp

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Pool News coverage brought to you by Pool Magazine's own Marcus Packer. Marcus Packer is a 20 year pool industry veteran pool builder and pool service technician. In addition to being a swimming pool professional, Marcus has been a writer and long time contributor for Newsweek Magazine's home improvement section and more recently for Florida Travel + Life. Have a story idea or tip you'd like to share with Pool Magazine? Email [email protected] your story idea.

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Feds Seize Counterfeit Filters From China at Long Beach Seaport

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U.S. Customs and Border Protection (CBP) officers assigned to the Los Angeles/Long Beach Seaport, in coordination with Import Specialists assigned to the Machinery Center of Excellence and Expertise (Machinery Center), intercepted a shipment of 3,940 counterfeit water filters bearing unauthorized National Sanitation Foundation (NSF) logos. The seizure, which took place on April 10, highlights the ongoing issue of counterfeit products.

Routine Inspection Uncovers Fake Filters From China

During a routine examination of mixed ocean freight from China, CBP officers identified the counterfeit filters. Import Specialists confirmed that the filters displayed fraudulent NSF certification marks that had been recorded for border enforcement through CBP’s e-Recordation program.

Counterfeit water filters pose a significant risk to consumer health and safety, as they often fail to meet the necessary standards for filtration. The use of copied trademarks, branding, and misleading claims makes it challenging for consumers to distinguish between genuine and counterfeit filters. While the water may appear and taste fine, these counterfeit filters have been found to be ineffective in removing lead and other harmful chemicals.

The pool and spa industry, in particular, is certainly not immune to the influx of counterfeit products. The Association of Home Appliance Manufacturers (AHAM) warns about the potential hazards associated with counterfeit water filters, underscoring the importance of purchasing from legitimate sources.

Counterfeit NSF Certification
The water filters had a counterfeit NSF certification

CBP at the Los Angeles/Long Beach Seaport is dedicated to protecting the health and safety of the American consumer. Since February 2021, they have seized a staggering 67,342 counterfeit replacement water filters, pool and spa filters, and other filtration products with an estimated manufacturer’s suggested retail price (MSRP) of $3,216,900.

This interception is part of CBP’s broader efforts to combat intellectual property rights violations. In fiscal year 2022, CBP nationwide seized nearly 21,000 shipments containing 25 million counterfeit goods, with an estimated MSRP value of nearly $3 billion if they had been genuine.

To raise consumer awareness about the dangers of counterfeit products, CBP has launched the Truth Behind Counterfeits public awareness campaign. Through educational initiatives at airports and online resources, they aim to inform consumers about the consequences associated with purchasing counterfeit and pirated goods.

If you suspect or have information regarding fraudulent or illegal trade activity, CBP encourages reporting through the e-Allegations Online Trade Violation Reporting System or by calling 1-800-BE-ALERT. Intellectual property rights (IPR) violations can be reported to the National Intellectual Property Rights Coordination Center at https://www.iprcenter.gov/referral/ or by calling 1-866-IPR-2060.

As consumers, it is crucial to stay vigilant and informed about the risks of counterfeit products. For more information about the risks of purchasing counterfeit water filters and the Filter It Out campaign, visit https://www.filteritout.org/. To learn more about NSF certification and ensure the authenticity of products, visit http://www.nsf.org/consumer-resources/what-is-nsf-certification.

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Jake Paul Buys $15.7M Mansion With Luxury Pool In Puerto Rico

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Check Out Jake Paul's $15.7M Mansion & Pool in Puerto Rico

As far as celebrity pools go, Jake Paul now has a beauty. The renowned boxing sensation, has added a magnificent new asset to his collection – a sprawling mansion in Puerto Rico that came complete with a beautiful backyard oasis. Situated in the picturesque San Juan area, this luxurious property, acquired from former MLB star Yadier Molina, showcases Paul’s affinity for opulence and sets the stage for his extravagant lifestyle. With its stunning architectural design and opulent features, the mansion promises to be a sanctuary of grandeur and indulgence.

Jake Paul's Mansion in Puerto Rico

Boasting eight bedrooms, eight full bathrooms, and two half bathrooms, this two-story masterpiece spans over 12,000 square feet, offering ample space for Paul to enjoy the comforts of luxury living. The meticulous attention to detail is evident as guests step into the elegant foyer, setting the tone for the rest of the residence. The interior design seamlessly combines luxury and comfort, creating an inviting atmosphere throughout.

The real gem of the estate, however, lies outside, where an enormous geometric-shaped pool takes center stage. This impressive pool looks like the ideal spot for a night swim. Surrounded by the breathtaking Puerto Rican landscape, he’ll be able unwind while enjoying in his new outdoor living oasis.

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Jake Paul's Swimming Pool at his new home in Puerto Rico

The acquisition of this Puerto Rican paradise was facilitated by The Caribbean Realty Group, who confirmed the transaction at an astounding price of $15,750,000. The successful negotiation between Molina and Paul resulted in a reduced price from the initial listing of $19,995,000, further highlighting Paul’s ability to secure prime properties at favorable terms.

While the mansion offers an array of lavish amenities, including a fully equipped fitness center and a 6-car garage to showcase Paul’s impressive automobile collection, it is the pool area that truly steals the show. The geometric design adds a touch of sophistication, while the oversized tanning ledge allows for luxurious sun-soaked moments. Whether it’s lounging by the pool or taking a refreshing dip, this outdoor oasis offers the perfect setting for relaxation and entertainment.

Jake Paul purchased a new $15.7 million dollar home with a gorgeous pool.

The mansion itself stands as a testament to modern luxury. Built in 2021, the architectural design exemplifies contemporary aesthetics with its clean lines, expansive windows, and seamless integration of indoor and outdoor living spaces. Every aspect has been carefully crafted to create a harmonious blend of style, comfort, and functionality.

For Jake Paul, this new Puerto Rican retreat serves a dual purpose. Alongside his brother, Logan Paul, he relocated to Puerto Rico a few years ago, seeking an environment conducive to their intensive training regimen without the distractions often encountered elsewhere. The serene atmosphere and privacy afforded by this magnificent estate will undoubtedly contribute to Jake Paul’s preparation for his upcoming fight against former UFC star Nate Diaz in August.

While the reasons behind Molina’s decision to part ways with this architectural masterpiece remain unknown, Jake Paul’s acquisition of this prestigious property further solidifies his status as a prominent figure in both the sports and entertainment industries. The mansion stands as a symbol of his continued success and serves as a luxurious sanctuary where he can unwind, recharge, and focus on his career.

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Neighbors Demand To Use Pool, Homeowners Say ‘Stop Asking’

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Neighbors Demand Pool Usage, Homeowners Say 'Stop Asking'

Moving into a new neighborhood can be an exciting experience, as you join a community and establish connections with your neighbors. However, what happens when those connections start to take an unexpected turn? One couple recently found themselves grappling with this very predicament when their neighbors began incessantly requesting access to their pool. This tale of poolside politics raises the question: should you allow your neighbors to use your pool?

Redditor Asks If They’re Wrong For Saying No To Pushy Neighbors Who Keep Begging To Use Their Pool

The couple, who prefer to remain anonymous but are known on Reddit as No_Material_4161, thought they had seamlessly blended into their new neighborhood. However, as the temperature rose, so did their neighbors’ desire for poolside entertainment. It turned out that the previous homeowners had fostered a close-knit relationship with the community, granting them unrestricted access to the pool. Unfortunately for the new owners, they were not inclined to continue this arrangement.

Politely expressing their decision, the couple hoped for understanding and acceptance. However, their neighbors remained persistent. Offering financial contributions and sharing maintenance responsibilities, the neighbors seemed unwilling to take no for an answer. The situation escalated when the couple was cornered in their own backyard during a gardening session. Despite clear refusals, the neighbors persisted, leaving the couple feeling frustrated and overwhelmed.

The pool became the focal point of every interaction with them, overshadowing any other potential connections. Even during a recent party, where the couple was hoping to enjoy the company of friends, the pool issue persisted. The neighbors saw fit to intrude once again, insinuating their entitlement to the pool. The couple’s frustration reached a boiling point, leading to a firm request for the neighbors to leave.

Online responses to this poolside saga have overwhelmingly supported the couple’s decision to withhold access. The court of public opinion has sided with them, recognizing their rights as homeowners and stressing the importance of setting boundaries. Stand your ground, they say, as allowing neighbors access to your pool can lead to a host of potential issues.

One Redditor has had it with their pushy neighbors begging to use their swimming pool.
One Redditor has had it with their pushy neighbors begging to use their swimming pool.

Why Sharing Your Pool Can Become a Problem

One of the primary concerns with granting neighbors access to your swimming pool is the question of liability. When others use your pool, even if they are friends, accidents can happen. In the event of an injury or property damage, you, as the pool owner, may be held legally responsible. Insurance coverage may not extend to guests using your pool, leaving you exposed to potential financial and legal consequences.

Another consideration is the wear and tear on your pool and its equipment. Regular use by multiple households can accelerate the need for maintenance and repairs. Pool chemicals and cleaning products may need to be replenished more frequently, resulting in increased expenses for the homeowner. Additionally, increased usage can lead to a higher risk of accidents or damage to the pool’s infrastructure, further compounding the financial burden.

Privacy is yet another factor to ponder. Good fences make good neighbors. Allowing neighbors access to your pool means surrendering a significant level of privacy. Your backyard, once a haven exclusively for you and your family, becomes a shared space. It may be challenging to relax and enjoy your pool with the constant presence of others, disrupting the tranquility and peace you desire.

Ultimately, the decision of whether to let neighbors use your pool rests with the homeowners themselves. Boundaries and personal preferences must be respected. Engaging in open and honest communication with neighbors can help establish mutual understanding, even if it means declining their requests. Prioritizing personal liability, privacy, and maintaining the condition of the pool are legitimate concerns that should be carefully considered.

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