The author wrote: Sealy Corporation (ZZ), the bedding maker said fourth quarter sales fell 26%.
One of ZZ largest competitors Simmons Beautyrest is in violation of their lending covenants and have a 30 day notice to correct or file for Ch. 11... If truth be told ZZ is in not much better condition.
Hope you are right on the rally though as I can take more short positions as any rally will be short lived as we remain in a bear market...
The Bull Run Begins This Week [View article]
Sealy Corporation (ZZ), the bedding maker said fourth quarter sales fell 26%.
One of ZZ largest competitors Simmons Beautyrest is in violation of their lending covenants and have a 30 day notice to correct or file for Ch. 11...
If truth be told ZZ is in not much better condition.
Hope you are right on the rally though as I can take more short positions as any rally will be short lived as we remain in a bear market...