Sealy Corp

  • Senator Investment Group Now Owns 8% of This Mattress Company

    By Meena Krishnamsetty - March 18, 2013 | Tickers: LZB, MFRM, ZZ, SCSS, TPX

    A 13G filed with the SEC has reported that Senator Investment Group, an event driven hedge fund managed by Doug Silverman, owns over 5 million shares of Tempur-Pedic (NYSE: TPX). The most recent 13F filing shows that the fund had not owned any shares of Tempur-Pedic at the beginning of 2013. We at Insider Monkey use 13F filings in order to develop investment strategies (for example, we have found that more »

  • Sleepy Merger Appears to Be on Track

    By Mike Thiessen - February 12, 2013 | Tickers: KKR, ZZ, TPX

    Trinity, North Carolina-based bedding manufacturer Sealy Mattress Company (NYSE: ZZ) has announced its intention to merge with its Lexington, Kentucky-based rival Tempur-Pedic International (NYSE: TPX). The $1.3 billion cash-and-debt deal will require Tempur-Pedic to buy out Sealy's current shareholders and assume a substantial amount of the company's outstanding debt. Although the deal has been subject to several legal and regulatory delays, it appears likely that it will more »

  • Making Money in Mattresses

    By Robert Hanley - February 8, 2013 | Tickers: BBBY, ZZ, SCSS, TPX

    Investors in the mattress manufacturers have had a tough time lately, despite favorable tailwinds from rising home sales and discretionary spending. The lower-priced, inner spring segment has been losing sales to the specialty mattress segment, led by Select Comfort (NASDAQ: SCSS) and Tempur-Pedic (NYSE: TPX), as customers have been willing to pay higher prices in order to gain the health benefits of high-tech bedding products. Meanwhile, the specialty manufacturers have more »

  • 3 Undervalued Picks From A Top Value Investor

    By Federico Zaldua - December 31, 2012 | Tickers: DLB, GME, ZZ, TPX

    In this article I analyze Joel Greenblatt’s Gotham Partners. Known for his Magic Formula Investing, and founder of the New York Securities Auction Corporation (NYSAC), Greenblatt is founder and managing partner of Gotham Capital. He is the author of two investment books, including The little Book that Beats the Market. Greenblatt tries to find both cheap and good companies. He looks for value with a catalyst. Greenblatt likes special more »

  • Investing Between The Sheets

    By Reuben Brewer - December 26, 2012 | Tickers: ZZ, SCSS, TPX

    Who could have imagined twenty years ago that so many people would start sleeping on foam. However, that's just what's happened. A new technology came out in an old industry, mattresses, and changed the battle field. Sure, the foam is expensive, and kind of cool, but it's foam just the same. Now, the upstart selling the foam is looking to buy one of the old guard, as Tempur-Pedic (NYSE: TPX) is looking to buy Sealy Corporation (NYSE: ZZ).

  • A Closer Look at This Volatile Premium Bedding Stock

    By Anh HOANG - October 30, 2012 | Tickers: ZZ, TPX

    Investors who love the premium pillow and mattress business would know Tempur-Pedic International (NYSE: TPX). In the past year, the stock has experienced high volatility that caused many investors’ stomachs to churn. The stock went from $87.26 to $21 in around two months. Recently, it dropped from $32 to $24.90, a loss of 19.5% within a day, after its earnings announcement. Should we get scared of its more »

  • Tempur-Pedic Wakes Up Hung Over

    By Meena Krishnamsetty - October 25, 2012 | Tickers: LZB, MFRM, ZZ, SCSS, TPX

    Editor's Note: Tempur-Pedic released its Q3 results on Oct. 23. It reported EPS of $0.70, GAAP EPS of $(0.03), and further lowered 2012 EPS guidance to $2.55.

    Tempur-Pedic (NYSE: TPX) is down about 20% today after the company reduced its guidance for 2012 earnings per share from $2.80- which had been essentially in line with analyst consensus- to $2.55. Given that the company reported more »

  • Can You Sit Back and Relax If You Hold These Stocks?

    By Jonathan Lim - October 10, 2012 | Tickers: ETH, LZB, ZZ, SCSS, TPX

    You'd think companies that make products we spend large amounts of time using would prove to be great investments over time. In many cases, you'd be right—but not always. The wide range in the performance of these companies' stocks suggests that the oft-repeated investment maxim about buying what you love might not work as well as it sounds. Let's compare La-Z-Boy (NYSE: LZB) and Tempur-Pedic (NYSE: TPXmore »)

  • Activist Hedge Funder Rehan Jaffer's Top Picks

    By Meena Krishnamsetty - September 16, 2012 | Tickers: BYD, ZZ, SIX, GRA

    Rehan Jaffer is an activist investor who founded H Partners Management in 2005 and presently has around $1 billion in assets under management (AUM). Jaffer acquired his taste for activist investing while at Dan Loeb's Third Point, a pioneer activist fund. After his time at Third Point, Jaffer briefly joined River Run Partners in 2004, after which he went on to found H Partners. In the book Hedge Hunters more »

  • Can Investors Trust Tempur-Pedic Again?

    By Soroush Pour - July 12, 2012 | Tickers: LEG, MFRM, ZZ, SCSS, TPX

    There are very few products that have completely revolutionized their respective markets.  Tempur-Pedic International’s (NYSE: TPX) TEMPUR memory foam is one such product.  Originally developed by NASA as an astronaut seat-cushion (as seen here) in the 1970s, the TEMPUR memory foam we’ve all come to love was introduced to commercial markets in 1991.  Touted as one of the most comfortable ways to catch some shuteye, the company's more »

  • Sleeping Easy at Night with Tempur-Pedic International?

    By Michael Russell - June 28, 2012 | Tickers: LEG, ZZ, SCSS, TPX | Editor's Choice

    Wild changes in sentiment in the stock market are nothing new, but the recent moves in Tempur-Pedic International (NYSE: TPX) have been extraordinary. In mid-April the company was making new highs at $87/share, today we stand at just over $21.50.

    The slide began in mid-April after Tempur-Pedic reported a record Q1 but it was the announcement in early June that did most of the damage. The company guided more »

  • Don't Go Soft on Mattress Firm

    By John Casteele - April 19, 2012 | Tickers: MFRM, ZZ, SCSS, TPX

    Looking back on my life, I can't remember a time when I thought that I'd be excited about a mattress store. Not that I had anything against mattress stores, of course; they just seemed a bit... boring. I was recently reading about the Mattress Firm Holding Corporation (NASDAQ: MFRM), however, and I started to realize exactly how exciting mattress stores could be.

    Behind its plush pillowtops and Sealy more »

  • Insider Alert: Should We Buy These Companies as Well?

    By Ali Ghorbanzadeh - March 28, 2012 | Tickers: OPK, PFE, ZZ, TPX, TEVA

    Us “Fools” are always looking for ways to beat the market and insider buying is always a strong indicator that a stock is looking to move higher since they buy for only one reason: to make more money. Moreover, they arguably have the best view of where a stock is headed being a part of the day-to-day operations and/or having a large sum of money at stake. Below are more »