TempurPedic International Inc.  (TPX) Trade Now »     Rate TPX  -  Discuss TPX  -  Add to Watch List        

Filed under: Earnings reports, Good news, Technical Analysis, Stocks to Buy

Tempur-Pedic International (NYSE: TPX) makes bedding products. Offerings include pillows, mattresses, adjustable beds and cushions. The goods feature a visco-elastic foam technology that was developed by NASA during the 1970s, to help cushion astronauts during liftoff. The company markets its products through furniture and department stores, medical retailers, hospitals and the Internet. They are sold under the brand names TEMPUR and Tempur-Pedic. About a third of Tempur-Pedic's revenue comes from international sales

The following is a reprint of my January 28, 2008 RealMoney column.

When I wrote about Tempur Pedic (TPX) in December, I said “ some concern is still warranted given the declining housing market and other signs that the economy may be slowing.” Although the shares appeared attractive based on the then-expected 23% earnings growth in 2008 and 17% five-year consensus growth forecast, that attractiveness depended heavily on the forecasts.

On Friday, those estimates were taken down a few notches after the company reported earnings . The company’s new guidance was “n