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Select Comfort Corporation Message Board

  • hageneriksson hageneriksson Jul 17, 2013 4:28 PM Flag

    would buy the after hours weakness following dismal results

    remember the company kept its guidance despite the poor quarter so they foresee the business to re-accelerate in the second half of the year.

    also management pointed to "sequential monthly sales improvement during the quarter and strengthened performance" so clearly the business seems to get back on track slowly

    would expect a generally upbeat conference call and some positive analyst comments tomorrow morning.

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    • SCSS changed their marketing strategy, which dramatically increased their costs, which is why their top and bottom lines were down. Now they will shift back to their previous strategy, and they're confident to meet their guidance.

      That said, I believe it is a buy in AH, and an overreaction. As an alternative, I'm thinking about going long TPX, it recently broke out of consolidation, and with their recent merger they're the worldwide leader in sleep products. I think this quarterly miss is company specific, and not affecting their competition, because of what I mentioned above.

 
SCSS
21.91-0.01(-0.05%)Sep 17 3:59 PMEDT

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