Mattress Firm Holding Corp. (NASDAQ: MFRM) is on the retail side and has an arms-dealer model where it can sell any kind of bed to anyone. It made an acquisition and announced solid earnings and guidance. Tempur Pedic International Inc. (NYSE: TPX) had a bad earnings reaction and now fears of more problems are there.
Tempur Pedic International Inc. (NYSE: TPX) hit a new 52-week low briefly today but shares have since recovered and are down “only” 14.5% at $48.50 versus a prior 52-week low of $46.53. The downfall today is on the heels of a research report from Raymond James with the assumption that Tempur-Pedic is aggressively discounting one of its top-sellers. This stock is now down by more than 40% when its earnings beat but guidance killed the shares in mid-April, but its market value is still $3.07 billion according to Yahoo! Finance.
Mattress Firm Holding Corp. (NASDAQ: MFRM) is pulled down 8% to $35.92 on the day, but it is growing its store sales, growing by an acquisition. This may just be a gift considering that this 2011 IPO traded as low as $21.03 and above $48.00 at the peak after its IPO. Its market cap is $1.2 billion.
Another bedding player named Select Comfort Corporation (NASDAQ: SCSS) is down in sympathy too with a 4.7% drop down to $28.15 on Monday. Select Comfort is worth $1.6 billion in market capitalization.
Sealy Corporation (NYSE: ZZ) is worth only $187 million and its shares are down only 1% at $1.85 on the day.
JON C. OGG
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