Home Improvement Is Finally Bouncing Back
News from Motley Fool:

A turnaround is afoot at Trex (Nasdaq: TREX  ) .

You wouldn’t know it judging by the way shares of the leading maker of wood-alternative decking opened 4% lower yesterday. Disappointing financials for its holiday quarter initially dashed hopes like an outdoor patio pieced together over a sinkhole.

Net sales declined a brutal 32% to $ 51.5 million. Trex’s net loss — before a beefy accounting hit on warranty reserves — of $ 0.54 a share contrasts sharply with an adjusted profit of $ 0.23 a share a year earlier.

Trex’s net sales decline and deficit were deeper than analysts were expecting, and that’s before we touch on the quality issues that one would normally associate with having to fortify reserves covering warranty claims.

Trex may look pretty bad, so why did the stock actually close slightly higher after yesterday’s initial dip?

“We expect 2012 to be a successful year,” CEO Ronald Kaplan is quoted as saying in yesterday’s press release — and it’s easy to see why. Trex is ramping up its production to meet the demand that should deliver a 30% surge…………… continues on Motley Fool

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Related News:

Elderly woman falls for ‘home improvement scam’
News from Cookeville Herald Citizen:

by Mary Jo Denton Herald Citizen

53 mins 57 secs ago | 124 views | 0  | 0  |  | 

COOKEVILLE — A scam that is tec…………… continues on Cookeville Herald Citizen

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