Snavely Forest Products joins Trex distribution network, expanding Trex’s reach into the lumber industry.

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Trex($NYSE:TREX), the world’s largest manufacturer of wood-alternative decking and railing products, has announced that Snavely Forest Products has joined its distribution network. Snavely’s extensive network of locations will provide Trex with greater access to lumberyards and other customers in the industry. This will allow Trex to better compete in the market and continue to grow its business.

Price History

The move is seen as positive by analysts, and media coverage has been mostly positive. On Friday, TREX stock opened at $44.9 and closed at $45.4.

VI Analysis

According to the app VI, company’s fundamentals reflect its long term potential. The below analysis on TREX are made simple by VI app. According to VI Star Chart, TREX is strong in asset, growth, profitability, and weak in dividend. TREX is classified as ‘gorilla’, a type of company that achieved stable and high revenue or earning growth due to its strong competitive advantage.

High growth companies are deemed more risky as they attempt to grow faster. TREX has a high health score of 8/10 considering its cashflows and debt, is capable to safely ride out any crisis without the risk of bankruptcy.

Summary

Trex Company, Inc. is the world’s largest manufacturer of wood-alternative decking and railing products. Trex products are distributed through a network of lumberyards and home improvement stores. Trex products are environmentally friendly and have a long lifespan, which makes them a wise investment for homeowners and businesses.