Sleep Country Canada Holdings | StockChase
47
Sleep Country Canada Holdings (ZZZ-T)

Last Price Recorded: $32.7700 on 2017-11-23

ON STOCKCHASE SINCE Aug 2015

household goods

Sleep Country Canada Holdings


Signal Opinion Expert
     

2017-11-24

COMMENT
Sleep Country Canada Holdings (ZZZ-T)

The stock had gotten a bit too expensive, and is still reasonably expensive at north of 20X earnings, but at the same time it is a very dependable business model, as most people would want to try a mattress before they bought it. A brick and mortar business that should live on. There is nothing not to like about this, other than the valuation.

household goods
Daniel Lloyd

Portfolio Manager, Forge First Asset Management

Price: $0.000
Owned: No

2017-11-23

PAST TOP PICK
Sleep Country Canada Holdings (ZZZ-T)

(A Top Pick March 8/17. Up 4%.) Had a weak quarter with lower than expected sales and higher than expected costs in accessories, their high margin stuff. Sears bankruptcy should be good, but Sears is now liquidating their holdings which will create problems. Sold this at $33.79. It needs to be retesting the $37-$38 level before getting in.

household goods
William Chin

Portfolio manager, Caldwell Investment Management

Price: $32.770
Owned: No

2017-11-13

DON'T BUY
Sleep Country Canada Holdings (ZZZ-T)

It has been a position of his for some time.  But margins are under pressure.  They have been increasing their adverting budget.  He thinks there will be pressure on margins for some time.  He recently sold it.  It was a darling for such a long time and it made a high and then made a lower high.  There are better opportunities in the Canadian market.

household goods
Brendan Caldwell

President, Caldwell Securities

Price: $32.470
Owned: Unknown

2017-10-20

PAST TOP PICK
Sleep Country Canada Holdings (ZZZ-T)

(A Top Pick Sept 16/16. Up 27%.) Just added to his holdings recently. They had very good execution. Salespeople are very helpful and knowledgeable, unlike the Bay or other big department stores. They’ve also branched out into accessories such as pillowcases, duvets and headboards. Improving about 15 to 20 stores a year. Strong balance sheet and good execution.

household goods
William Chin

Portfolio manager, Caldwell Investment Management

Price: $38.740
Owned: Yes

2017-10-20

TOP PICK
Sleep Country Canada Holdings (ZZZ-T)

This is executing very well. Very strong balance sheet and a good cash position. Management is keeping an eye on the ball, renovating the stores. Staff are well-trained. (Analysts’ price target is $44.)

household goods
William Chin

Portfolio manager, Caldwell Investment Management

Price: $38.740
Owned: Yes

2017-09-14

PAST TOP PICK
Sleep Country Canada Holdings (ZZZ-T)

(A Top Pick Sept 21/16. 0% return.) This has gone up and has come back down. Growth continues to be really strong. Same-store sales growth was 7%  and the multiple probably got a little ahead of itself. Also, there is more talk about the online “Bed in a Box”.

household goods
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $32.500
Owned: No

2017-09-13

COMMENT
Sleep Country Canada Holdings (ZZZ-T)

Hasn’t been spending a lot of time working on this, but what is impeding its progress lately probably has more to do with encroaching competition in that industry. There have been more Internet mattress sellers coming on stream lately. Also, they are facing some cost escalations. Feels they are generally facing some fundamental shifts in retail. He would be very sensitive to the valuation you pay on this.

household goods
Michael Sprung

President, Sprung Investment Management

Price: $32.090
Owned: No

2017-08-29

HOLD
Sleep Country Canada Holdings (ZZZ-T)

The underperformance in the near term has mostly been related to the last quarter they reported, where same-store sales performance was not as good as the analysts had expected. Over the last number of years, this has been a very, very well-run company, and the stock has done extremely well. Expectations may have gotten too high. They’ve been gaining share from Sears Canada, which should continue.

household goods
Colin Stewart

CEO & Portfolio manager, JC Clark Investments Ltd.

Price: $33.510
Owned: No

2017-08-17

HOLD
Sleep Country Canada Holdings (ZZZ-T)

(Market Call Minute)  It is relatively expensive.  Good management, growth and earnings, however.

household goods
Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $34.070
Owned: Unknown

2017-07-26

PAST TOP PICK
Sleep Country Canada Holdings (ZZZ-T)

(A Top Pick July 27/16. Up 46.11%.) This continues to execute very well. It has pulled back of late, which is probably from rotation out of the sector. They will be reporting next week, and he expects pretty strong sales again. They’ll probably be helped by all the trouble at Sears, one of their big competitors.

household goods
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $38.580
Owned: Yes

2017-07-17

BUY
Sleep Country Canada Holdings (ZZZ-T)

In a good competitive landscape it is focused on the mattress landscape.  Its biggest competitors like Sears, are not having a good time of it.  Good advertising and refurbishment of their stores is really helping them.  It is one he has owned for several months and will likely to continue to own.

household goods
Brendan Caldwell

President, Caldwell Securities

Price: $40.010
Owned: Yes

2017-07-13

BUY
Sleep Country Canada Holdings (ZZZ-T)

It has a good run this year based on Sears mattresses.  They also had good numbers.  There is also a scarcity for consumer stocks in Canada.  This is a stable name a decent long term hold.  You want to go and test a mattress.

household goods
Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $40.690
Owned: Yes

2017-07-06

PAST TOP PICK
Sleep Country Canada Holdings (ZZZ-T)

(A Top Pick June 6/16. Up 77.73%.) They’ve done very well in executing their marketing campaign. Have been pulling back and not advertising as much. They’ve been taking market share from Department stores as well as adding higher margin accessories.

household goods
Jim Huang

President, T.I.P. Wealth Management

Price: $41.850
Owned: Yes

2017-06-22

PAST TOP PICK
Sleep Country Canada Holdings (ZZZ-T)

(Top Pick Jun 30/16, Up 75%) They continued to execute very well and have grown business at the stores and got into accessories where they drive more business at a higher margin.  Now they moved up because of recent announcements by Sears.

household goods
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $41.070
Owned: Yes

2017-06-19

DON'T BUY
Sleep Country Canada Holdings (ZZZ-T)

He used to be short it.  It is an expensive shop.  There are some short term benefits with Sears potentially getting out of the mattress business.  There are regulatory and competitive changes on the landscape for this one.

household goods
Veeral Khatri

Partner and Portfolio Manager, JC Clark

Price: $38.920
Owned: No

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