Emily Flippen

And I know that sounds contradictory or counterintuitive, but the reason they're driven to operating losses is because they're investing so heavily into their different segments that are growing exponentially.

I mean, this was their, I think, seventh consecutive quarter of 30% plus revenue growth.

So yeah, expenses have gone up, but they're investing in future growth.

And that's what I love to see.

I have to say, as much as I like Trex, and it's been an incredible rule breaker for so many years now, competition is stiff out there now.

It used to be that Trex was the only composite on the market.

If you weren't doing traditional wood, you would do Trex.

But I can't help but think to myself, part of the lack of performance recently has to be because there are just so many alternatives.

Bamboo is cheap, accessible, and way more prevalent today than it was a decade ago.

Well, let's round it out.

I'm also a buy on Axon.

Similarly to Jason, I think this business can't be misunderstood.

It's easy to look at the pullback from earnings and say, oh, it's fallen.

Of course, it's a buy.

The reality is Axon is still very expensive.

Let's be very clear about that.

Even

after the pullback in earnings.

This is an expensive company.

But I think that this is the tax that you pay when you own what is basically a quasi-monopoly that has been growing at a breakneck speed for decades with no signs that that growth is expected to slow down.