AZEK - Trex: A Wonderful Company At A Fair Price
2024-06-18 12:02:33 ET
Summary
- TREX is a high-quality, maintenance-free faux wood product that is popular among homeowners.
- The company is the market leader in synthetic wood products, with potential for growth in decking and railing markets.
- TREX's valuation is currently high, but its consistent earnings growth and future potential make it a compelling long-term investment.
TREX isn’t cheap – let’s get that right out of the way, neither the product, nor the stock. Like many homeowners, I became aware of TREX ( TREX ) through the trials and tribulations of owning a house for the first time, trying to strip and re-stain our deck. I had a very small deck and spent about four hours struggling to strip the deck manually. I’m a CPA, not exactly Mr. Fix It, so I’m sure this had as much to do with me than anything. But the bottom line is this was hard work, and I eventually hired someone to strip it using a pressure wash....
Trex: A Wonderful Company At A Fair Price