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Shares of Tempur-Pedic (TPX -4.6%) haven't found a bottom yet, even though mattress peers are...

Shares of Tempur-Pedic (TPX -4.6%) haven't found a bottom yet, even though mattress peers are moving higher: ZZ +2.5%, SCSS +2.4%, MFRM +3.6%. Analysts aren't done taking their ratings down on TPX with Piper the latest to move off its bullish call.
Comments (5)
  • Paul Price
    , contributor
    Comments (1508) | Send Message
     
    Very valuable to be downgrading a stock AFTER a 75% decline.

     

    Good work analysts!
    7 Jun 2012, 10:59 AM Reply Like
  • GaryintheBronx
    , contributor
    Comments (50) | Send Message
     
    It looks like the bottom for TPX was about 21.05 but didn't stay there long. Wonderful entry point for a company that sells an excellent product line.
    7 Jun 2012, 03:27 PM Reply Like
  • lancejay
    , contributor
    Comments (99) | Send Message
     
    Yes, that seems to be the case. I added to my position in Tempur-Pedic this morning at $21.31 and $21.27. Hopefully, I will be well-rewarded if I am patient and can ignore the minor ups and downs at this point. I feel that it should do much better once this crazy volume dries up. There were 41 million shares traded yesterday and it looks like there will be more than 20 million shares traded today.
    7 Jun 2012, 03:30 PM Reply Like
  • chopchop0
    , contributor
    Comments (3523) | Send Message
     
    I added at 22. It's blasting off today, up 11%
    8 Jun 2012, 02:08 PM Reply Like
  • lancejay
    , contributor
    Comments (99) | Send Message
     
    Unfortunately I am out of my TPX position at an average sale price of $24.85. It may work a little higher but I felt that it shot up too rapidly and was becoming just a short squeeze play due to the small number of shares. I am ready to re-enter this position although the lows were probably seen at $21.05 and will not be seen again.
    8 Jun 2012, 06:18 PM Reply Like
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