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Manufactures and markets a complete line of bedding products, including mattresses and mattress foundations.
Sealy continues to defy gravity and bounce back. Must be the springs. (err, I mean coils). Mattresses will remain discretionary and the recession will not end magically. Unemployment will lag. Sealy continues with creative financing, including warrants and now selling what appears to be a 52.5% stake to Sterling Partners in exchange for what appears to be a large part of the company at $0.70 per share, including board control. The markets are struggling to figure out what these secondary offerings mean and Sealy remains at $2.10 per share despite the dilution. With Total Stockholder Equity a negative ($164,824) and Net Tangible Assets ($$526,918) I don't see much left for share holders. Maybe they will want new mattresses to put their worthless stock papers in.
You have incoming blog. I'll not ask any more questions (for awhile). :)Tagit.
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