It's all a timing issue due to a major ERP installation. It doesn't take anything away from the product itself. They admitted that the fourth quarter would be a challenge, and that's why they didn't change guidance.
Their ordering system is in total meltdown - heard this from a clerk and I was told today that this has been going on now since the new software went online in early October. I only know this bc I ordered beds 5 weeks ago and just yesterday received a form letter saying it could take another 4 weeks. They can't even do a simple return for merchandise purchased and received in-store without going through a 25 minute, 22 step procedure. Oracle & Siebel will probably be sued for this but that could take years to sort out,,,in the meantime, YES lots of money to be made as a short here.
Sentiment: Strong Sell
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They just switched to a new IT system and are experiencing delays. It's worth the wait. I have both a Sleep Number bed and a Heavenly bed from the W, and there is no comparison. As a shareholder, I'm disappointed that they charged you for the bed before it was shipped given their known delays. I hope that management is monitoring this board so that they can take the appropriate action.
I tried to buy an air chamber from them last week and I found out yesterday that they would not be able to confirm my order until they knew when they would be able to ship the parts. It seems parts are unavailable for about 4 weeks. That didn't stop them from taking the money from my credit card though. I inquired about the delay and I was told logistics and UPS. Sheesh. You would think they would have a better grip on logistics.
Anyway I canceled the order and got my fulfillment off Ebay for less money.
I bought these shares on the cheap at $26, or so I thought. I saw no problem buying into earning. The projection was too low plus the stock had gotten ripped. I like the commercials; please don't bring back Lindsey Wagner... 6 million dollar women or what ever they called her. Thanks for the Christmas Gift.
but perhaps integration will be behind them and better visibility for projections... looks like solid support at 21 if we get anytype of run up to Wednesday i'm out.
Now it's 23 bucks. How'd that work out for ya.
Absolutely no one is interested in SCSS stock. Like the product they sell, it has sprung a leak and is well down the drain. Bit me in the #$%$.
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