Tempur Pedic (TPX) Sees Heavy Pressure
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Tempur Pedic International Inc. (NYSE: TPX) is under heavy pressure mid-day Monday. Shares are down 7.8% on heavier-than-normal volume.
There is some chatter that short sellers are circling the name. With the Ira Sohn hedge fund conference coming up on May 16th, buzz is circling about the next big short target. Famed short seller David Einhorn will be presenting, among others. Just recently Einhorn knocked down Herbalife Ltd. (NYSE: HLF) by just asking a few questions on the company's conference call. Is this the same fate Tempur Pedic could suffer?
Well, the company is making its own case after reporting lackluster results on April 19th, resulting in a collapse of the stock.
In addition to word that shorts are circling, there are reports the company is offering a discount on its most profitable model - Cloud Supreme.
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There is some chatter that short sellers are circling the name. With the Ira Sohn hedge fund conference coming up on May 16th, buzz is circling about the next big short target. Famed short seller David Einhorn will be presenting, among others. Just recently Einhorn knocked down Herbalife Ltd. (NYSE: HLF) by just asking a few questions on the company's conference call. Is this the same fate Tempur Pedic could suffer?
Well, the company is making its own case after reporting lackluster results on April 19th, resulting in a collapse of the stock.
In addition to word that shorts are circling, there are reports the company is offering a discount on its most profitable model - Cloud Supreme.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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