Trex Company: The Bottom Is In (Rating Upgrade)

Core Insights - Trex's stock has experienced significant volatility over the past year, fluctuating from $60 to$100 and back to around $70 [1] Group 1: Stock Performance - The stock price of Trex has seen a notable increase and decrease, indicating a rollercoaster ride for investors [1] Group 2: Investment Philosophy - The investment strategy focuses on achieving returns that exceed the historical S&P return of 7-8% per year, emphasizing a GARP (Growth at a Reasonable Price) approach [2] - The analysis is primarily centered on consumer discretionary stocks, with occasional coverage of tech stocks when the business model is understood [2] - The process of researching companies includes analyzing financial statements, listening to earnings calls, and reviewing Investor Relations websites to develop a comprehensive investment thesis [2]