Axxel Knutson of TradingWeapon. com initiates coverage of Trex Corp with a "Strong Buy" rating
Wood decking may be on the way out. Why? Because of harmful chemicals used to preserve wood and the hassle of maintenance. Wood accounts for 95% of current decking in the USA. Composite materials, the type manufactured by Trex for decks could have a long and healthy run at a massive market, so says Axxel Knutson, Chief Investment Officer at TradingWeapon. com.
(PRWEB) August 22, 2002
August 20, 2002: [Warren, New Jersey] Axxel Knutson, President & Chief Investment Officer [CIO] of TradingWeapon. com in Warren, New Jersey, an OSJ* office of First Allied Securities Inc., an NASD/SIPC member, today initiated coverage of Trex Corporation [TWP-28.56] with a "Strong Buy" rating. According to Knutson, "As the leading manufacturer of composite wood decking, we believe that Trex will dominate the space with its already sizeable lead in the marketplace. Additionally, governmental restrictions on the use of certain chemicals now used in traditional wood decking will further lead homeowners to choose composite materials over wood for both new decking and replacement. Mr. Knutson states "Â… that Trex can be a very important portfolio holding for growth oriented portfolios especially when one considers that wood is the primary material in 95% of decks today and that composite materials, although more expensive than wood rarely needs any maintenance." In the interest of full disclosure, Mr. Knutson does hold a position in the stock of the company and has for a number of months." TradingWeapon. com is located at 197 Mountainview Road, Warren, New Jersey 07059 TEL: 908-647-5750.
