In a filing, apparently a large shareholder is calling for the CEO of TPX to step down, and he wants to replace the board as well, to "create shareholder value" and improve sales. First of all, I don't think just because you change a CEO means more people will come in and buy mattresses, in a very leveraged, highly competitive industry. Secondly, I just wish these activists would shut up and let management run the company....If they don't like how it's run, then they can sell their shares. Their negative public statements are very disruptive, in my opinion.
Speculation: Tempur acquires a major retail chain - Mattress Firm (public) or Sleepys. Would this work and would it improve Cash Flow and be accretive to earnings? What synergy would occur and how would Tempur manage a retail presence because due to the MAP pricing all prodcut must have the same initial gross margin assuming the same wholesale invoice to the retailer.