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May 28, 2014
06:18 EDTMFRM, TPXMattress average unit prices up 8% in April, says Citigroup
Citigroup notes that mattress average unit prices were up 8.0% year-over-year while box spring prices dropped 4.8% in April, according to recently released ISPA data. Citi believes the data indicates a "modestly positive quarter" for Mattress Firm (MFRM) and reiterates a Buy rating on the stock.
News For MFRM;TPX From The Last 14 Days
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February 5, 2016
16:08 EDTMFRMMattress Firm sees annual synergies of $40M by FY18 from Sleepy's acquisition
Mattress Firm announced the completion of its acquisition of all of the outstanding equity interests in HMK Mattress Holdings, the holding company of Sleepy's and related entities, for an aggregate purchase price of $780M, subject to working capital and other customary adjustments. The Company expects to generate annual synergies of approximately $40M by Fiscal 2018. In addition, the Company expects to receive future cash income tax benefits totaling over $11M annually for more than 10 years from the deductible tax basis goodwill generated from the transaction and from the carryover tax basis of other assets, both subject to the Company's ability to generate future taxable income. Mattress Firm expects mid-single digit EPS dilution in FY16, becoming EPS accretive in FY17 and growing to high-single digit EPS accretion by FY18, excluding one-time costs. The combined company anticipates it can generate significant free cash flow, which can be used primarily to pay down debt and/or undertake future organic growth or potential acquisitions.
13:22 EDTTPXOptions with decreasing implied volatility
Options with decreasing implied volatility: VHC BWLD DECK GRUB UBNT CMG TPX GILD KORS QIHU
February 4, 2016
11:33 EDTTPXTempur Sealy selloff a buying opportunity, says Piper Jaffray
Piper Jaffray analyst Peter Keith says he's surprised by the selloff today in shares of Tempur Sealy. He expected the stock to be down "somewhat" given the 3% sales miss on Q4, but calls the 10% pullback overdone. Keith views Tempur's outlook and conference call as positives and recommends buying the stock on today's weakness. The analyst keeps an Overweight rating on the name with an $85 price target.
10:10 EDTTPXOptions with decreasing implied volatility
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07:04 EDTTPXTempur Sealy sees FY16 adjusted EBITDA $500M-$550M
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07:04 EDTTPXTempur Sealy reports Q4 adjusted EPS 99c, consensus 99c
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February 3, 2016
14:00 EDTMFRMMattress Firm agrees to issue 1.76M shares of common stock
On February 3, 2016, the company agreed to issue an aggregate of 1,762,236 shares of common stock. The Company expects to complete the issuance of the shares of common stock, which issuance will be equivalent to approximately 4.9% of the currently issued and outstanding shares of common stock, on February 5. The Company will receive cash in exchange for 699,300 shares and the remaining 1,062,936 shares will be issued as partial purchase price consideration in exchange for equity interests in Sleepy's. The Board of Directors of the Company approved the issuance after the close of trading on February 2 at a price per share of $35.75.
13:53 EDTMFRMMattress Firm sees Sleepy transaction mid-single digit dilutive in FY16
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09:03 EDTTPXTempur Sealy should be bought on any weakness, says KeyBanc
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February 2, 2016
11:50 EDTTPXOptions with increasing put volume; BKLN AKS ROK MCHP EXXI TPX ALU TXT RCL
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07:07 EDTTPXTempur Sealy reports proposed changes in Board of Directors
empur Sealy International provided an update on proposed changes in its Board of Directors as part of its ongoing efforts to refresh and transition its Board. n connection with a review over the last several months by the Board's Nominating and Corporate Governance Committee of the Board's size, composition and tenure, including discussions with Board members about their individual plans, Francis A. Doyle, Peter K. Hoffman, Sir Paul Judge, Nancy F. Koehn and Lawrence J. Rogers informed the NCG Committee that they did not wish to stand for re-election, and would retire as directors effective upon completion of the Company's Annual Meeting of Stockholders scheduled for May 5. The Board of Directors, upon recommendation of the NCG Committee after this review, approved going forward with a smaller Board and nominated seven directors for re-election at the 2016 Annual Meeting.

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