Tempur-Pedic just got a taste of this ultra finicky market in a big way. Earnings weren’t all that bad, but a slight change in guidance sent shares spiraling down almost 21% on the day. The product is fantastic, it’s the only bed I’ve found to vastly improve my ability to sleep. Just look at how many knockoff companies have emerged in the past year or so (although cheap, the quality is nowhere near as good). It’s turned into a mini craze. So does a slightly rockier outlook over the next few months merit the stock getting crushed? I doubt it. It’s the same great product with the same great prospects. It’s not difficult to imagine the stock trading in the low hundreds, and the mid sixties looks even better. Still unsure? Sleep on it…
