Matt Frankel

If you have a composite deck, they probably built it.

The stock has been absolutely hammered.

in recent years.

Tons of demand was pulled forward during the pandemic when everybody was renovating their houses.

Oversupply headwinds hit the stocks after that, as warehouses stocked up on all their products.

The way most people pay for new decks by borrowing against the value of their house has been stagnant because of high interest rates.

But I think that this could be a really sneaky way to play falling interest rates

especially if mortgage rates fall into the mid-5% range, which I think they will by the end of this year, just my prediction.

Americans right now have more home equity than ever before, about $35 trillion.

As it becomes a little more economical for them to tap into it, I think Trex could be a big winner from here.

Yeah, this anthropic moment is really fascinating because on the one hand, this is what everyone has been saying all along, ever since AI really started to take hold of the headlines, that it was going to replace certain softwares.

And so we've been expecting this.

But on the other hand, everyone's acting surprised.

Now, in the comparison to DeepSeek, I'm not certain that the DeepSeek moment is fully over.

What DeepSeek showed us is that it's possible, maybe, to do more with less when it comes to the AI hardware.

I would say, when you look at the bottlenecks in this industry,

It's all physical.

There's a lot of physical bottlenecks.

And I think that that points to a continuation of, we need to learn how to do more in AI with less physical components.

So I don't think that that trend has fully played out.