Wednesday, June 6, 2012

Stock Alert - Tempur-Pedic (TPX) sees lower profit; shares fall 37 percent- 6/6/12

Shares of Tempur-Pedic (TPX) stay in freefall after its earnings and sales forecast for FY12 are slashed. Amid all the backslapping for calling out the stock as an overvalued momo name, analysts warn that the company's numbers could get even worse after promotions failed to resonate and low-priced lines didn't sell. TPX -35.8% premarket

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