Pool Corporation: Cramer's Top Takeaways
C'mon in. Jim Cramer says the water's fine at Pool Corp.

Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.

Summer is getting into full swing and the weather is getting hot. Fortunately, there's one company that thrives when the mercury rises and that's Pool Corporation  (POOL) .

Let's face it, when the weather gets really cold, we use more natural gas and buy more winter coats from Columbia Sportswear (COLM) , Cramer said, and when it gets really hot, we build more pools.

Pool not only benefits from the building of new pools, which is on the rise as home prices rebound, but also from the maintenance and upkeep of those pools, helped along by a longer pool season. Making matters even better, the drought in California has finally ended, which means both more pool construction and more pools back in operation.

Cramer said Pool is also very shareholder friendly, with this $5 billion company having bought back nearly $1.5 billion of its own shares and increasing its dividend to 1.2%. When the company last reported, it posted a 12-cents-a-share earnings beat and has delivered a 26% compound growth rate since first coming public in 1995.

On Real Money, Cramer says the sale's still on and that's not something to freak out about. It's something to embrace. Get more of his insights with a free trial subscription to Real Money.

Cramer and the AAP team say that sell off threw a wrench into Snap-On (SNA) . Find out what they're telling their investment club members with a free trial subscription to Action Alerts PLUS.

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.

To read a full recap of this episode of "Mad Money," click here.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

At the time of publication, Cramer's Action Alerts PLUS had a position in SNA.

If you liked this article you might like

4 More Lesser-Known Names Ready for the Earnings Spotlight

Today Pool (POOL) Hits New Lifetime High

Today Pool (POOL) Hits New Lifetime High