In his first appearance on Real Vision’s Trade Ideas, PAA Research Bradley Safalow founder told viewers that he likes shorting highly regarded building-product stock, Trex (TREX).
Trex manufactures composite decking, which is made from recycled plastic bags and bottles. The company has gained a lot of share over the last several years because of the shift to replacing wood decking with composite decking.
Safalow is bearish on Trex because the company “is facing a huge increase in competition” from companies including Fiberon, Decorators, and TimberTech.
Additionally, Trex has been scrambling to ward off