What about guidance for next quarter and growth over next year as compared to this year. All I say tpx does not deserve P/E ratio of 42! I have no position right now but long is not an option. PE Shd come down to
Remember that the naysayer analysts were calling for negative surprise here after the SCSS deja vu butch miss. TPX beat as expected by those listening to them at conference. LOL
They have made a practice of sandbagging guidance, esp in cloudy times. The upside in a better economy will be huge, and it will surprise the hell out of the naysayers... round 4 since March 2009. LOL
Additionally, the guidance is for up single digits as if, pro forma, Sealy was there all year last year vs partial... compare that to SCSS "flat at best"... TPX continues to clobber SCSS and share capture bound to continue now that TPX has Sealy.
Interesting tape today... is a moron hedge fund pm trying to squeeze Einhorn thinking he is hurt on GMCR short? We bet Davey is fully hedged going into report dates. LOL In fact, it may be that Davey is buying along with us today. Then again, maybe a fund has decided that they are done waiting for the economy and beds... giving those buying uber cheap shares today. Love it.