Trex Company, Inc.
TREX
position
long
John Hempton, Bronte Capital
Thesis
Trex, which makes plastic decking, has impressive financial metrics with a return on assets of 27% and return on equity of 47%, both of which are increasing, indicating strong business performance.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time frame for the thesis, it's difficult to assess whether the investment thesis has played out. While the financial metrics mentioned are strong, we cannot determine if the stock has performed well or poorly since the pitch. Therefore, the outcome remains uncertain.
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