Sell SCSS -- MFRM and TPX guidance for 2014 is illuminating as to why
TPX is the story to own as housing recovers, not this and not MFRM until they de-emphasize sales of SCSS products that are a big woof woof.
SCSS stock likely to get slammed again on that MFRM news tonight.
"Sell this buy TPX
TPX just guided for mid single digits on the strength of new product lineup and ramping U.S. and European market sales.
See Piper Jaffray's report issued just this morning on TPX -- they raised rev and eps estimates and the PT to $56 for the year.
SCSS and MFRM are NOT the way to play this discretionary purchase that tends to run with housing... and MFRM and mgmt may be right here that their retail sales have been hurt by weather, but why aren't TPX sales flagging? LOL
Answer: TPX has the products people want... SCSS does not.