Q: I would appreciate your comments on TREX earnings; released yesterday. It appeared to me that metrics are generally improving, yet the stock dropped $15 at today’s open.

My main interest is understanding if there is some structural/metric issue causing the drop, or is it more related to their statement on outlook for the next 1/2 of the year?

Thanks as always,

Dave

Q: Good morning all; Could I get your assessment of Trex for 3-5 year hold. The products seem to have broad appeal; particularly in what will at some point become a growing build and reno (their primary customer) environment. The breadth of product offering is expanding annually. With $1B + and growing sales, an aggressive "sustainability" effort and decent margins this stock is intriguing after yesterday's 6% decline (not sure why it declined so much).

Q: I've got these laggards in a TFSA or RRSP, down between 15-36%! I want to dump a bunch (all?) as I feel I've given them enough time to perform and they haven't. Does 5i see catalysts in the next 12 months for any of these that i should keep some?

In which order would you drop them.