TREX is down nearly 60% since I first profiled the company last August. You’d think the business encountered an irreparably devastating setback, but no. At 34x earnings, Trex was priced for perfection back then and when perfect didn’t happen the stock careened, to a valuation that now strikes me as cheap-to-reasonable for the first time in at […]
Category Archives: [TREX] Trex
Related posts: Building materials: part 1 Building materials: part 2a (LPX, JHX) Next month, I’ll conclude this series with a post (or two) on Builder’s FirstSource and Atlas Engineered Products. I actually meant to publish on those companies today, but a discussion of branded manufacturers felt incomplete without a dissection of Trex. Trex’s origin dates […]
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