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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.
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