$1.51
-0.01 (-0.38%)
Sealy Corp (NYSE:ZZ)
CAPS Rating:
Manufactures and markets a complete line of bedding products, including mattresses and mattress foundations.
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Manufactures and markets a complete line of bedding products, including mattresses and mattress foundations.
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Re-downing on this one... From my original pitch:
The current wave in the financial meltdown that started with the mortgage-backed securities and CDOs that were unsubstantiable is the furniture makers and resellers. If people are not buying houses, there will be less demand for filling those houses. We've already seen Levitz and now Wickes Furniture closed their doors. I'm thinking the bed makers, particularly Sealy, will be the next casualties. Its financials are not all that good currently, and the tough times ahead are going to stress them even more. The stock has fallen quite a bit already, but I think it might have farther to go. Thus, my tentative thumbs-down for a 3Week window...
Thanks to Rick Aristotle Munarriz (TMFBreakerRick) for pointing this one out.
Update (6/11/08): Additionally, inflation fears that have spiked recently will keep more money in people's pockets and not in their mattresses, figuratively.