Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Tempur-Pedic International
So what: Thanks in large part to strong domestic sales and improved margins, Tempur-Pedic's bottom line surged 59% to $0.66 per share, versus the average analyst estimate of $0.57 per share. Fueled by the growing popularity of its Cloud Collection mattress line, the results mark Tempur-Pedic's ninth consecutive expectation-topping quarter.
Now what: Tempur-Pedic might still be a decent opportunity. The shares might be rallying today, but when you factor in management's full-year guidance, Tempur-Pedic currently trades at a forward P/E of 15-ish -- right in line with close rivals Sealy
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