Pool Corp. (NASDAQ: POOL) has posted total returns just shy of 50,000% since its initial public offering (IPO) in 1995. This makes it a shining example of the Peter Lynch-style of real-world investments that can create generational wealth for investors who are willing to hold for decades.

Despite this incredible run, Pool's share price sits 40% below its all-time highs from 2021 and 18% below its 52-week highs as it reported three consecutive quarters with declining sales.

So, is Pool's long track record of stomping the stock market finally coming to an end? Or is this best-in-class operator facing a temporarily challenging macroeconomic environment? Here's why I'm thinking the latter.

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Source Fool.com