Opinions
Jim Cramer - Mad Money
The AZEK Company
AZEK-N
COMMENT
Dec 10, 2021
The make faux-wood construction products for deck and trim. It was a winner when it went public 18 months ago, but they have peaked and are stuck between $35-40 for months. Faux-wood is a growing secular trend. They reported in mid-November a nice beat, but guidance was merely in-line, so shares sold off. It has since recovered. Can it break out of its range?
$42.380
Stock price when the opinion was issued
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The stock hasn't gotten enough love, no respect. Last week, they reported a good reported, yet sold off. Their margins are expanding and benefiting from people remodeling their homes and buying their faux-wood and building products which demand little maintenance. They're sturdy. After a little more selling, this stock will turn around. They're #2 in this industry and will continue to benefit from the home-building boom. Net sales are up 22% YOY and they beat their top and bottom lines last week. Margins are expanding. Good CEO who's been cleaning up its balance sheet; debt can be paid down in a year. CEO has invested well in marketing to get its brand known in the homebuilding industry. They are producing at capacity and plan to boost that capacity to meet demand. Lots of room to grow. AZEK uses a lot of recycled materials in their products. Insider sales were unfrozen last Wednesday, so shares may come under pressure, but temporarily.
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