Merrill McHenry, CFA
Long/short equity, event-driven, hedge fund analyst, International (& arbitrage)

Bull Tipping - Mattress Firm Price Surfing Beyond Soft Financials

We wrote and submitted this article, before the close when Mattress Firm CFO Jim Black announced his resignation. Might all the financial "engineering," and major debt and goodwill buildup (each >1/2 of balance sheet) have taken its toll? Or was it perhaps time to cash out after across the board major insider selling (>90 this year!)? We note last week, the day after earnings, a ...

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