AZEK - Betting on a Homebuying Boom? This Underfollowed Sub-Sector Has Multibagger Potential
Composite-decking company Trex (NYSE: TREX) is an underfollowed stock, and that's unfortunate since this company is nearly a 30-bagger over the last decade. For those who missed this incredible run, a top Trex competitor, The AZEK Company (NYSE: AZEK) , just went public via an initial public offering in June. Could early Azek investors be rewarded as handsomely as early Trex investors were?
As we'll see, Trex isn't just doing business in an attractive industry, it's also a good business itself. It's creating meaningful shareholder value, and that might not be the case with Azek. Indeed, there's no reason to believe Trex can't keep delivering outsize shareholder returns despite how much it's already gone up.
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Betting on a Homebuying Boom? This Underfollowed Sub-Sector Has Multibagger Potential