Has just bought their largest competitor, Sealey, which is complementary as they had different types of products, distribution channels, geographic profile and it will be very accretive to earnings. Offers exposure to a recovering US housing market. At the beginning of the year was trading at 22-23 times earnings and then reported 2 lacklustre quarters and is now trading at 12X earnings. Good business.
Tempur Pedic International is a American stock, trading under the symbol TPX-N on the New York Stock Exchange (TPX). It is usually referred to as NYSE:TPX or TPX-N
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In the last year, there was no coverage of Tempur Pedic International published on Stockchase.
On 2024-10-11, Tempur Pedic International (TPX-N) stock closed at a price of $50.64.
(Top Pick Oct 23/12, Up 25.20%) Was a play on the Americans. He sold although he is still bullish on the US housing market. The mattress business is more volatile than one would think. He got frustrated with the fluctuations in the business.