PNR is a value opportunity at 13x earnings with dividends and buybacks after a >50% fall; it could return 10% and double if its 42%-down pool unit stabilizes after inventory clearance and US housing recovers. Acquisitions should lift EPS next year; free cash flow may be below $800 million and buybacks reduced.

So, let's look at companies like Pentair, with a price-to-earnings ratio of 13, dividend yield, share buybacks, growth, acquisitions, and a 50% increase in dividends. There might be value in that.

Now, this is where the situation becomes interesting. "Bentir", a potential return of 10%. The stock has fallen by more than 50%, but the price-to-earnings ratio is still there, and the dividends are still there.

Over 50 years of dividend growth, making it the queen of dividends. As you can see here, there are three companies, stable water flow solutions, and the swimming pool sector related to swimming pools has decreased by 42%.

This had a significant impact on the stock. This is due to inventory clearance trends; when the inventory clearance ends, they have made an acquisition deal. It may be revalued, return to growth, and double your money.

They recently made an acquisition of Water Solutions. They have a history of making acquisitions over time, and consistent growth over time. When things are good, they also carry out share buybacks.

So, it's a matter of waiting for that next cycle.

I will be conducting a deeper analysis of Pentair, which is three companies in one: flow, water solutions, and pools. Three sectors have potential positive trends in the future, especially if the US housing market recovers, and it might one day.

The situation is that swimming pools and housing are of course interconnected, as the construction of housing and the housing sector are in a bad state. Therefore, the swimming pool sector, which was great in previous years, is experiencing a decline, especially with regard to stock building and everything else.

They decided to sell more, with lower profits and lower sales, but they expect things to stabilize, and then hope for them to improve later. They are focused solely on their work: technological improvements, the Internet of Things, and controlling the temperature of your pool via your phone.

You can adjust, and you can save money by doing so. All the traditional things, these boring things they do, like acquiring Manitowoc ice for their water-related business, are all complementary.

If they can continue doing what they have been doing on the growth side, everything looks stable in the long run. They have borrowed a little more now for the acquisition, but acquisitions usually pay for themselves. 800 million in free cash flow across the cycle, which means a free cash flow return of 10% already.

You can see that here; this is the number I used there. It will probably be slightly lower given the situation in the swimming pool sector, and the decline there, but it is acceptable.

As I mentioned, acquisitions, executions, and things like that should be positive for earnings per share by next year. Revenue growth consequently leads, over time, to profit growth as well.

The flow section is acceptable. The water solutions are stable. The swimming pool sector is in a terrible state with a 42% decline. This is crazy. But the debt is likely manageable, and is expected to increase by a billion when the Taco deal takes place.

This means that buybacks will likely be reduced, but this is acceptable. Looking at history, it has performed well over time. They made some buybacks. Slow and steady growth. You can see the acquisitions here in green that really pushed the company forward and boosted net income, dividends, and buybacks.

Repurchase operations will likely be reduced. This was a question about the second quarter. Other questions include how they