Shaun Currie, CFA
Long/short equity, hedge fund analyst, momentum

Mattress Firm: A Change In Strategy Seems To Be Working

After Mattress Firm's (NASDAQ:MFRM) Q2 call analysts, as well as myself, questioned the company's ability to turn comps positive in what seemed to be a weak environment. With its high multiple valuation, the stock deservedly sold off. But, after the company's most recent earnings call, this best in class management teams was able to right the ship with targeted discounting. Though this discounting will continue, you have to be happy with the company's execution. Additionally, the company made two acquisitions in the quarter at some very reasonable prices. Considering the performance of the company's Mattress Giant acquisition, we should have confidence that the company can make significant improvements in the operations of these businesses. Let's get into

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