You may have heard that Tempur-Pedic
I've got a better way to relieve pressure. Just forget the bed altogether and sleep on a pile of Tempur-Pedic share certificates.
It's obvious that the company has become the darling that Select Comfort
Hooray for Tempur-Pedic. As a Select Comfort shareholder -- and Sleep Number bed owner -- I think I'm going to be sick.
It seems as if the market is willing to reward just one mattress maker at a time. Obviously, the bedding market didn't grow by 22% this past quarter. Retailers like Bed, Bath & Beyond
If it's pulling those kinds of numbers, its premium-mattress rivals are going to come in weak. So I'm braced for the worst when Select Comfort reports next week. Sure, it had already warned of continued softness in its mid-quarter update last month. I was just hoping for something better, you know.
Innerspring giant Sealy
About the only thing that Tempur-Pedic and Select Comfort have in common these days is that they are both buying back shares. However, Select Comfort is buying them as its shares head lower. Tempur-Pedic, on the other hand, has spent $300 million to acquire 10.4 million shares on the rise.
In a move that shouldn't surprise anyone, Tempur-Pedic is raising its guidance. It is now looking to earn between $1.74 a share and $1.76 a share for all of 2007, well ahead of its most recent outlook, which called for profitability to clock in between $1.63 a share and $1.66 a share.
Higher guidance? That brings back warm memories of when I was on better terms with Select Comfort, as the air-chambered mattress maker was blowing away bottom-line targets. Sadly, that is so 2005 right now.
Don't let my whining bring you down, Tempur-Pedic shareholders. Just stay alert to make sure that a bad night's sleep doesn't happen to you.
Get a good night's rest with Tempur-Pedic: