Introduction
Trex Company, Inc. (TREX) manufactures composite decking products that it sells throughout the United States.
Trex has shown a high rate of earnings growth over the last five years. The company is well managed and operates very efficiently with high profit margins and high returns on equity.
Trex’s earnings growth has been considerable but analysts are expecting this growth to slow to a more modest and sustainable rate heading into 2020. The company is improving its product line with the aim of taking market share from the traditional wood deck market.
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