Trex Company, Inc. Announces New Distribution Partnership with Snavely Forest Products

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Trex($NYSE:TREX) Company, Inc. announced a new distribution partnership with Snavely Forest Products. The partnership will help Trex expand its reach and provide customers with more options for purchasing Trex products.

Price History

This partnership will help to increase the exposure of Trex products and improve the company’s overall media coverage. Currently, most of the exposure for Trex products is positive, and this partnership is likely to continue that trend. On Friday, TREX stock opened at $44.9 and closed at $45.4, a slight increase from the previous day. This new partnership is a positive step for the company, and investors are likely to see continued success in the future.

VI Analysis

TREX is a strong company with a lot of potential. The company’s fundamentals reflect its long term potential, and the VI app makes it easy to see this potential. Based on the VI Star Chart, TREX is classified as a ‘gorilla’. This means that the company has 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.

However, TREX is strong in assets, growth, and profitability. The company’s weakness is in dividend. TREX has a high health score of 8/10 considering its cashflows and debt. This means that the company is capable of paying off debt and funding future operations.

Summary

If you’re looking for a solid investment in the decking and fencing industry, Trex Company, Inc. is a great option. The company has just announced a new distribution partnership with Snavely Forest Products, one of the largest distributors of lumber, plywood, and composite decking products in the United States. This partnership is a big win for Trex, as it will help the company increase its market share and reach new customers.

And with the recent surge in home renovations and outdoor projects, there’s no doubt that demand for Trex’s products will continue to grow. So if you’re looking for a stock to ride the wave of the home improvement boom, Trex is a great option.