Home Improvement Is Finally Bouncing Back
News from DailyFinance:

A turnaround is afoot at Trex (NAS: 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 in net sales this quarter. The $ 90 million that Trex is targeting is comfortably ahead of the $ 86 millio…………… continues on DailyFinance

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Tuesday, February 28, 2012   by: SooToday.com Staff




Ruscio presents ‘The New Home Buyers Trade Show’

If you’re looking to build a new home or add to your existing home, Ruscio Homes can help. 

And if it’s your first time, the choices and decisions may seem overwhelming. 

The New Home Buyers Trade Show is for you. 

Hosted by Ruscio Homes, this second annual trade show is Saturday, March 3 from 10 to 5 at the Comfort Suites & Conference Centre on Great Northern Rd.

Ruscio Developments will help you thru the process of building or renovating and has invited suppliers from the industry to answer your questions.   

Don’t miss this informative trade show event.    

Admission is free. 

For more info, call 705-949-1832 or visit here.


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