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The Company is a manufacturer of wood-alternative decking, railing and fencing products, which are marketed under the brand name Trex.
T-rex has been hit a macroeconomic and bad management meteor.When people can't sell their homes and are pinched by high oil and high food prices, they aren't going to be too inclined to drop a boatload of money on home improvement projects. Recent studies have shown that the return on your home improvement projects is the lowest it's been in decades (it was recently around 90 cents on the dollar now it's about 70 cents). This is very bad news for T-rex as they make wood/plastic composite decking and railing materials, which by many is undoubtedly viewed as luxury item. They essentially have no customers in an environment like this and it shows in their declining sales. T-rex however was struggling before the housing went to pot and it really shows now. Their financials are absolutely awful. Return on Assets (TTM) -23.10long term debt to equity 1.40long term debt of 131.73 million (a nearly 160% increase over thr prior year)Price to free cash flow -4.50Cash and Cash equivalents 0.07and last but not least a Quick ratio of 0.10 T-Rex is in real danger of going extinct. Stay away from this dieing Dino.
Good analysis, but it's over 4 years later. Where are you at with this now?
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