Sleep Country Canada Holdings

ZZZ-T

TSE:ZZZ

15.30
0.27 (1.73%)
Sleep Country Canada Inc. is a Canadian mattress retailer, with over 185 stores operating in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, PEI and Nova Scotia.
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Analysis and Opinions about ZZZ-T

Signal
Opinion
Expert
COMMENT
COMMENT
November 16, 2016

He no longer owns this based on his technical tools. Saw that it was starting to break down technically. Fundamentally he loves the company. This is one you can tuck away in your portfolio and go to sleep.

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He no longer owns this based on his technical tools. Saw that it was starting to break down technically. Fundamentally he loves the company. This is one you can tuck away in your portfolio and go to sleep.

PAST TOP PICK
PAST TOP PICK
November 10, 2016

(Top Pick Aug 9/16, Down 11.65%) He sold, although they released their most recent numbers and they were quite good.

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(Top Pick Aug 9/16, Down 11.65%) He sold, although they released their most recent numbers and they were quite good.

BUY
BUY
October 31, 2016

It came back phenomenally with a second IPO. They are taking market share away from Sears. They have a lofty valuation. At some point there has to be saturation. Unless they go south of the boarder you will run into a wall. Execution has been flawless up until now.

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It came back phenomenally with a second IPO. They are taking market share away from Sears. They have a lofty valuation. At some point there has to be saturation. Unless they go south of the boarder you will run into a wall. Execution has been flawless up until now.

COMMENT
COMMENT
October 25, 2016

A very well-run business, with a dominant position in the Canadian mattress retailing business. Have been benefiting over the last number of years from some of the larger mattress sellers like Sears Canada. Feels a lot of that market share gain has played out. There is some link to the housing market in Canada as new households are formed. He is a little more cautious on the overall outlook for a company like this because of the headwind on the housing side. There are a number of US mattress retailer’s being impacted by very small, but upstart competitors that are selling mattresses in a box online and delivering them to your door.

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A very well-run business, with a dominant position in the Canadian mattress retailing business. Have been benefiting over the last number of years from some of the larger mattress sellers like Sears Canada. Feels a lot of that market share gain has played out. There is some link to the housing market in Canada as new households are formed. He is a little more cautious on the overall outlook for a company like this because of the headwind on the housing side. There are a number of US mattress retailer’s being impacted by very small, but upstart competitors that are selling mattresses in a box online and delivering them to your door.

COMMENT
COMMENT
October 18, 2016

Has never owned this, and looking back that was a mistake. The valuation now is absolutely crazy. There is a company in the US that delivers extremely high quality mattresses to your door. Has always been a little sceptical that there have been new technologies that will push people away from traditional mattress purchases. Feels the industry might go through a bit of a change.

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Has never owned this, and looking back that was a mistake. The valuation now is absolutely crazy. There is a company in the US that delivers extremely high quality mattresses to your door. Has always been a little sceptical that there have been new technologies that will push people away from traditional mattress purchases. Feels the industry might go through a bit of a change.

TOP PICK
TOP PICK
October 5, 2016

There is still a market for companies that are able to really focus on what they do, and do it better than anyone else. This type of product really doesn’t lend itself to e-commerce. It is getting its growth from redesigning, redeveloping and making their stores better. They sell the mattresses, but the real upsell is on the higher margin bedding. Dividend yield of 1.92%.

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There is still a market for companies that are able to really focus on what they do, and do it better than anyone else. This type of product really doesn’t lend itself to e-commerce. It is getting its growth from redesigning, redeveloping and making their stores better. They sell the mattresses, but the real upsell is on the higher margin bedding. Dividend yield of 1.92%.

COMMENT
COMMENT
October 4, 2016

He recently added a small position. The company seems to have really delivered since the IPO. This is an interesting space.

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He recently added a small position. The company seems to have really delivered since the IPO. This is an interesting space.

COMMENT
COMMENT
September 27, 2016

Feels that everything is solid with this company. However, there is a question about housing and if we are experiencing a big bubble, which at some point would soften.

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Feels that everything is solid with this company. However, there is a question about housing and if we are experiencing a big bubble, which at some point would soften.

TOP PICK
TOP PICK
September 21, 2016

The Dollarama for the next 5 years in that they are growing their store numbers. Their penetration for population base is not where they want it to be, but want to bring it down so that there are more stores per 100,000 people than there are right now. They continue to grow their sales. Have had 12 consecutive same-store sales growth. The last quarter was double digits, which is really unheard of. They are focusing on their sales process and on accessories. Accessories are higher margin than just the street mattresses. The stock is not cheap, so if you can get it when it pulls back, that would be a great time. Dividend yield of 1.75%.

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The Dollarama for the next 5 years in that they are growing their store numbers. Their penetration for population base is not where they want it to be, but want to bring it down so that there are more stores per 100,000 people than there are right now. They continue to grow their sales. Have had 12 consecutive same-store sales growth. The last quarter was double digits, which is really unheard of. They are focusing on their sales process and on accessories. Accessories are higher margin than just the street mattresses. The stock is not cheap, so if you can get it when it pulls back, that would be a great time. Dividend yield of 1.75%.

TOP PICK
TOP PICK
September 16, 2016

This sounds gimmicky, but they are doing very well. 80% of their sales are mattresses, but they are now getting into duvets, covers and pillowcases, etc. Valuation is a little high, but profits and revenues are both growing at very healthy rates. Their competition is Sears Canada and Bay Canada, where you can go in and have a nap before anybody comes to help you.

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This sounds gimmicky, but they are doing very well. 80% of their sales are mattresses, but they are now getting into duvets, covers and pillowcases, etc. Valuation is a little high, but profits and revenues are both growing at very healthy rates. Their competition is Sears Canada and Bay Canada, where you can go in and have a nap before anybody comes to help you.

TOP PICK
TOP PICK
September 14, 2016

What is really going for them, since they have come back to the public market, is that the consumer is more and more aware of health benefits of having a good night sleep. Traditionally, you can buy a lot of mattresses, from major retailers, but they are slowly declining and haven’t done really well, and are retrenching which gives this company a good opening. The company is also adding high margin things like pillows, covers, accessories, etc. Dividend yield of 1.92%.

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What is really going for them, since they have come back to the public market, is that the consumer is more and more aware of health benefits of having a good night sleep. Traditionally, you can buy a lot of mattresses, from major retailers, but they are slowly declining and haven’t done really well, and are retrenching which gives this company a good opening. The company is also adding high margin things like pillows, covers, accessories, etc. Dividend yield of 1.92%.

COMMENT
COMMENT
September 9, 2016

The dominant name in this space. They have built a great niche for themselves. People will always need mattresses. His sense is that they tend to provide mattresses for an upscale clientele, so you may not see much of a decline. Thinks you will be fine.

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The dominant name in this space. They have built a great niche for themselves. People will always need mattresses. His sense is that they tend to provide mattresses for an upscale clientele, so you may not see much of a decline. Thinks you will be fine.

TOP PICK
TOP PICK
August 26, 2016

Continues to execute exactly as he anticipated. They continue to grow same-store sales by increasing store numbers and increasing the dollar spend with people coming into their stores. The recent quarter was the 12th consecutive same-store sales growth quarter. They’ve also been working on improving margins by selling accessories including higher end pillows and beddings. Still a lot of runway left for them to grow. Dividend yield of 1.94%.

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Continues to execute exactly as he anticipated. They continue to grow same-store sales by increasing store numbers and increasing the dollar spend with people coming into their stores. The recent quarter was the 12th consecutive same-store sales growth quarter. They’ve also been working on improving margins by selling accessories including higher end pillows and beddings. Still a lot of runway left for them to grow. Dividend yield of 1.94%.

TOP PICK
TOP PICK
August 9, 2016

Has been a public company for about 18 months and have done a great job of growing market share. They’ve done a fantastic job of introducing higher margin products like bedding and bedsheets into their product line, and an exceptional job of growing not only same-store sales, but also new store openings. Dividend yield of 1.88%.

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Has been a public company for about 18 months and have done a great job of growing market share. They’ve done a fantastic job of introducing higher margin products like bedding and bedsheets into their product line, and an exceptional job of growing not only same-store sales, but also new store openings. Dividend yield of 1.88%.

TOP PICK
TOP PICK
July 27, 2016

They are going to continue to build out more stores across the country and get saturation numbers a lot lower, as far as the people per store they have. At the same time they keep increasing the number of dollars that people spend. People not only buy mattresses, but also buy other things such as fancy pillows, etc. Have had 11 quarters of fantastic growth. Dividend yield of 1.93%.

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They are going to continue to build out more stores across the country and get saturation numbers a lot lower, as far as the people per store they have. At the same time they keep increasing the number of dollars that people spend. People not only buy mattresses, but also buy other things such as fancy pillows, etc. Have had 11 quarters of fantastic growth. Dividend yield of 1.93%.

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