TREX - Trex Company: Stock Is Overdue For A Breather
2024-01-26 03:37:46 ET
Summary
- Trex Company, a manufacturer of composite decking and outdoor living products, has seen its stock rise nearly 60% in the past year despite a struggling housing market.
- The company is benefiting from the migration from wood to composites in outdoor decks and railings.
- Analyst opinions on the company's prospects are mixed at the moment. Which way with the stock head in 2024? Analysis provided in the paragraphs below.
Trex Company: Stock Is Overdue For A BreatherThere are two ways to be fooled. One is to believe what isn't true; the other is to refuse to believe what is true . ? Soren Kierkegaard