Intrinsic value of Tempur Sealy International - TPX

Previous Close

$53.98

  Intrinsic Value

$26.39

stock screener

  Rating & Target

str. sell

-51%

Previous close

$53.98

 
Intrinsic value

$26.39

 
Up/down potential

-51%

 
Rating

str. sell

We calculate the intrinsic value of TPX stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 2.9

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  2,809
  2,874
  2,948
  3,030
  3,122
  3,223
  3,333
  3,452
  3,580
  3,717
  3,864
  4,021
  4,188
  4,365
  4,554
  4,753
  4,964
  5,188
  5,424
  5,673
  5,936
  6,213
  6,506
  6,814
  7,138
  7,480
  7,839
  8,217
  8,615
  9,034
Variable operating expenses, $m
  1,933
  1,974
  2,021
  2,074
  2,133
  2,197
  2,267
  2,343
  2,424
  2,512
  2,466
  2,566
  2,672
  2,786
  2,906
  3,033
  3,168
  3,311
  3,461
  3,620
  3,788
  3,965
  4,151
  4,348
  4,555
  4,773
  5,002
  5,244
  5,498
  5,765
Fixed operating expenses, $m
  603
  616
  630
  644
  658
  672
  687
  702
  718
  733
  750
  766
  783
  800
  818
  836
  854
  873
  892
  912
  932
  952
  973
  995
  1,017
  1,039
  1,062
  1,085
  1,109
  1,133
Total operating expenses, $m
  2,536
  2,590
  2,651
  2,718
  2,791
  2,869
  2,954
  3,045
  3,142
  3,245
  3,216
  3,332
  3,455
  3,586
  3,724
  3,869
  4,022
  4,184
  4,353
  4,532
  4,720
  4,917
  5,124
  5,343
  5,572
  5,812
  6,064
  6,329
  6,607
  6,898
Operating income, $m
  273
  284
  297
  313
  332
  354
  379
  407
  438
  472
  649
  689
  733
  780
  830
  884
  942
  1,004
  1,071
  1,141
  1,216
  1,296
  1,381
  1,471
  1,567
  1,668
  1,775
  1,889
  2,009
  2,136
EBITDA, $m
  600
  614
  633
  654
  679
  708
  740
  776
  815
  859
  905
  956
  1,011
  1,069
  1,132
  1,200
  1,272
  1,349
  1,431
  1,518
  1,610
  1,709
  1,813
  1,923
  2,040
  2,164
  2,295
  2,434
  2,581
  2,736
Interest expense (income), $m
  77
  103
  97
  100
  104
  109
  113
  119
  124
  130
  137
  144
  152
  160
  169
  178
  188
  198
  209
  221
  233
  246
  260
  274
  289
  305
  322
  340
  358
  378
  399
Earnings before tax, $m
  170
  186
  196
  209
  223
  241
  260
  282
  307
  334
  504
  537
  572
  611
  652
  697
  744
  795
  850
  908
  970
  1,037
  1,107
  1,182
  1,261
  1,346
  1,435
  1,530
  1,631
  1,737
Tax expense, $m
  46
  50
  53
  56
  60
  65
  70
  76
  83
  90
  136
  145
  155
  165
  176
  188
  201
  215
  229
  245
  262
  280
  299
  319
  341
  363
  388
  413
  440
  469
Net income, $m
  124
  136
  143
  152
  163
  176
  190
  206
  224
  244
  368
  392
  418
  446
  476
  509
  543
  581
  620
  663
  708
  757
  808
  863
  921
  982
  1,048
  1,117
  1,190
  1,268

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,749
  2,812
  2,884
  2,965
  3,055
  3,154
  3,261
  3,377
  3,503
  3,637
  3,781
  3,934
  4,098
  4,271
  4,456
  4,651
  4,858
  5,076
  5,307
  5,551
  5,808
  6,080
  6,366
  6,667
  6,984
  7,319
  7,670
  8,040
  8,430
  8,839
Adjusted assets (=assets-cash), $m
  2,749
  2,812
  2,884
  2,965
  3,055
  3,154
  3,261
  3,377
  3,503
  3,637
  3,781
  3,934
  4,098
  4,271
  4,456
  4,651
  4,858
  5,076
  5,307
  5,551
  5,808
  6,080
  6,366
  6,667
  6,984
  7,319
  7,670
  8,040
  8,430
  8,839
Revenue / Adjusted assets
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
  1.022
Average production assets, $m
  1,865
  1,908
  1,957
  2,012
  2,073
  2,140
  2,213
  2,292
  2,377
  2,468
  2,566
  2,670
  2,781
  2,899
  3,024
  3,156
  3,296
  3,445
  3,601
  3,767
  3,942
  4,126
  4,320
  4,524
  4,740
  4,966
  5,205
  5,456
  5,721
  5,999
Working capital, $m
  -59
  -60
  -62
  -64
  -66
  -68
  -70
  -72
  -75
  -78
  -81
  -84
  -88
  -92
  -96
  -100
  -104
  -109
  -114
  -119
  -125
  -130
  -137
  -143
  -150
  -157
  -165
  -173
  -181
  -190
Total debt, $m
  1,646
  1,703
  1,768
  1,841
  1,922
  2,010
  2,107
  2,212
  2,325
  2,445
  2,575
  2,713
  2,860
  3,016
  3,182
  3,358
  3,544
  3,741
  3,949
  4,168
  4,400
  4,644
  4,901
  5,172
  5,458
  5,759
  6,075
  6,409
  6,759
  7,128
Total liabilities, $m
  2,474
  2,531
  2,596
  2,669
  2,750
  2,838
  2,935
  3,040
  3,152
  3,273
  3,403
  3,541
  3,688
  3,844
  4,010
  4,186
  4,372
  4,569
  4,776
  4,996
  5,227
  5,472
  5,729
  6,000
  6,286
  6,587
  6,903
  7,236
  7,587
  7,955
Total equity, $m
  275
  281
  288
  297
  306
  315
  326
  338
  350
  364
  378
  393
  410
  427
  446
  465
  486
  508
  531
  555
  581
  608
  637
  667
  698
  732
  767
  804
  843
  884
Total liabilities and equity, $m
  2,749
  2,812
  2,884
  2,966
  3,056
  3,153
  3,261
  3,378
  3,502
  3,637
  3,781
  3,934
  4,098
  4,271
  4,456
  4,651
  4,858
  5,077
  5,307
  5,551
  5,808
  6,080
  6,366
  6,667
  6,984
  7,319
  7,670
  8,040
  8,430
  8,839
Debt-to-equity ratio
  5.990
  6.060
  6.130
  6.210
  6.290
  6.370
  6.460
  6.550
  6.640
  6.720
  6.810
  6.900
  6.980
  7.060
  7.140
  7.220
  7.300
  7.370
  7.440
  7.510
  7.570
  7.640
  7.700
  7.760
  7.810
  7.870
  7.920
  7.970
  8.020
  8.060
Adjusted equity ratio
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  124
  136
  143
  152
  163
  176
  190
  206
  224
  244
  368
  392
  418
  446
  476
  509
  543
  581
  620
  663
  708
  757
  808
  863
  921
  982
  1,048
  1,117
  1,190
  1,268
Depreciation, amort., depletion, $m
  327
  331
  336
  341
  347
  354
  361
  369
  378
  387
  257
  267
  278
  290
  302
  316
  330
  344
  360
  377
  394
  413
  432
  452
  474
  497
  521
  546
  572
  600
Funds from operations, $m
  451
  467
  479
  494
  510
  530
  551
  575
  602
  631
  625
  659
  696
  736
  778
  824
  873
  925
  981
  1,040
  1,103
  1,169
  1,240
  1,315
  1,395
  1,479
  1,568
  1,663
  1,762
  1,868
Change in working capital, $m
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -6
  -6
  -6
  -6
  -7
  -7
  -8
  -8
  -8
  -9
Cash from operations, $m
  452
  468
  481
  495
  512
  532
  554
  578
  605
  634
  628
  662
  700
  739
  782
  828
  877
  930
  986
  1,045
  1,108
  1,175
  1,246
  1,322
  1,402
  1,486
  1,576
  1,671
  1,771
  1,877
Maintenance CAPEX, $m
  -183
  -187
  -191
  -196
  -201
  -207
  -214
  -221
  -229
  -238
  -247
  -257
  -267
  -278
  -290
  -302
  -316
  -330
  -344
  -360
  -377
  -394
  -413
  -432
  -452
  -474
  -497
  -521
  -546
  -572
New CAPEX, $m
  -36
  -43
  -49
  -55
  -61
  -67
  -73
  -79
  -85
  -91
  -98
  -104
  -111
  -118
  -125
  -133
  -140
  -148
  -157
  -165
  -175
  -184
  -194
  -205
  -215
  -227
  -239
  -251
  -264
  -278
Cash from investing activities, $m
  -219
  -230
  -240
  -251
  -262
  -274
  -287
  -300
  -314
  -329
  -345
  -361
  -378
  -396
  -415
  -435
  -456
  -478
  -501
  -525
  -552
  -578
  -607
  -637
  -667
  -701
  -736
  -772
  -810
  -850
Free cash flow, $m
  233
  239
  241
  245
  250
  258
  267
  278
  291
  305
  284
  302
  322
  344
  367
  393
  422
  452
  484
  519
  557
  597
  640
  685
  734
  785
  840
  899
  961
  1,027
Issuance/(repayment) of debt, $m
  -107
  57
  65
  73
  81
  89
  97
  105
  113
  121
  129
  138
  147
  156
  166
  176
  186
  197
  208
  219
  232
  244
  257
  271
  286
  301
  317
  333
  350
  369
Issuance/(repurchase) of shares, $m
  38
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -69
  57
  65
  73
  81
  89
  97
  105
  113
  121
  129
  138
  147
  156
  166
  176
  186
  197
  208
  219
  232
  244
  257
  271
  286
  301
  317
  333
  350
  369
Total cash flow (excl. dividends), $m
  164
  296
  306
  318
  331
  346
  363
  382
  403
  426
  413
  440
  469
  500
  533
  569
  608
  649
  692
  739
  788
  841
  897
  956
  1,019
  1,086
  1,157
  1,232
  1,311
  1,395
Retained Cash Flow (-), $m
  -162
  -6
  -7
  -8
  -9
  -10
  -11
  -12
  -13
  -13
  -14
  -15
  -16
  -17
  -18
  -20
  -21
  -22
  -23
  -24
  -26
  -27
  -29
  -30
  -32
  -33
  -35
  -37
  -39
  -41
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  14
  14
  14
  15
  15
  16
  16
  17
  17
  18
  19
  19
  20
  21
  22
  23
  24
  25
  26
  27
  28
  30
  31
  33
  34
  36
  37
  39
  41
  43
Cash available for distribution, $m
  2
  290
  299
  309
  322
  337
  353
  371
  391
  413
  399
  424
  452
  482
  515
  550
  587
  627
  669
  714
  763
  814
  868
  926
  988
  1,053
  1,122
  1,195
  1,272
  1,354
Discount rate, %
  12.70
  13.34
  14.00
  14.70
  15.44
  16.21
  17.02
  17.87
  18.76
  19.70
  20.69
  21.72
  22.81
  23.95
  25.15
  26.40
  27.72
  29.11
  30.56
  32.09
  33.70
  35.38
  37.15
  39.01
  40.96
  43.01
  45.16
  47.41
  49.79
  52.27
PV of cash for distribution, $m
  2
  225
  202
  179
  157
  137
  117
  100
  83
  68
  50
  40
  31
  24
  18
  13
  9
  6
  4
  3
  2
  1
  1
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8
  96.8

Tempur Sealy International, Inc. is a bedding manufacturer. The Company develops, manufactures, markets and distributes bedding products. The Company operates in two segments: North America and International. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the United States and Canada. Its International segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America. Its brand portfolio includes TEMPUR, Tempur-Pedic, Sealy, Sealy Posturepedic, and Stearns & Foster. It offers its products in over two categories, including Bedding, which includes mattresses, foundations and adjustable foundations, and Other, which includes pillows, mattress covers, sheets, cushions and various other comfort products. As of December 31, 2016, it sold its products across the globe in approximately 100 countries.

FINANCIAL RATIOS  of  Tempur Sealy International (TPX)

Valuation Ratios
P/E Ratio 14.5
Price to Sales 0.9
Price to Book -195.8
Price to Tangible Book
Price to Cash Flow 17.7
Price to Free Cash Flow 28.2
Growth Rates
Sales Growth Rate -0.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -6.1%
Cap. Spend. - 3 Yr. Gr. Rate 9.2%
Financial Strength
Quick Ratio 1
Current Ratio 0
LT Debt to Equity -12120%
Total Debt to Equity -12586.7%
Interest Coverage 5
Management Effectiveness
Return On Assets 9.5%
Ret/ On Assets - 3 Yr. Avg. 6.4%
Return On Total Capital 11.2%
Ret/ On T. Cap. - 3 Yr. Avg. 7.1%
Return On Equity 146.9%
Return On Equity - 3 Yr. Avg. 81.5%
Asset Turnover 1.2
Profitability Ratios
Gross Margin 41.9%
Gross Margin - 3 Yr. Avg. 40%
EBITDA Margin 13.8%
EBITDA Margin - 3 Yr. Avg. 11.7%
Operating Margin 11.8%
Oper. Margin - 3 Yr. Avg. 10%
Pre-Tax Margin 9.1%
Pre-Tax Margin - 3 Yr. Avg. 7.1%
Net Profit Margin 6.5%
Net Profit Margin - 3 Yr. Avg. 4.2%
Effective Tax Rate 30.4%
Eff/ Tax Rate - 3 Yr. Avg. 43.3%
Payout Ratio 0%

TPX stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the TPX stock intrinsic value calculation we used $2754 million for the last fiscal year's total revenue generated by Tempur Sealy International. The default revenue input number comes from 2017 income statement of Tempur Sealy International. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our TPX stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 12.7%, whose default value for TPX is calculated based on our internal credit rating of Tempur Sealy International, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Tempur Sealy International.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of TPX stock the variable cost ratio is equal to 68.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $590 million in the base year in the intrinsic value calculation for TPX stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.9% for Tempur Sealy International.

Corporate tax rate of 27% is the nominal tax rate for Tempur Sealy International. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the TPX stock is equal to 0.5%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for TPX are equal to 66.4%.

Life of production assets of 10 years is the average useful life of capital assets used in Tempur Sealy International operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for TPX is equal to -2.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $113 million for Tempur Sealy International - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 54 million for Tempur Sealy International is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Tempur Sealy International at the current share price and the inputted number of shares is $2.9 billion.

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COMPANY NEWS

▶ Prime Sleep opens in Scottsdale, plans more than a dozen Valley stores   [08:00AM  American City Business Journals]
▶ These Stocks May Be About to Change Direction   [May-21-18 03:00PM  TheStreet.com]
▶ Tempur Sealy: 1Q Earnings Snapshot   [07:16AM  Associated Press]
▶ Transports, beauty, mattresses & more in the blitz   [Apr-16-18 02:01PM  CNBC Videos]
▶ Edited Transcript of TPX presentation 6-Mar-17 4:35pm GMT   [Apr-10-18 04:58PM  Thomson Reuters StreetEvents]
▶ Four Stock Picks By David Einhorn That Might Be Oversold   [Mar-02-18 04:41PM  Insider Monkey]
▶ Tempur Sealy To Present At Financial Conference   [Mar-01-18 05:00PM  PR Newswire]
▶ Why Tempur Sealy International Inc. Stock Fell Thursday   [Feb-22-18 05:15PM  Motley Fool]
▶ Tempur Sealy misses Street 4Q forecasts   [07:43AM  Associated Press]
▶ 7 GARP Stocks That Should Feature in Your Portfolio   [Jan-22-18 02:10PM  InvestorPlace]
▶ What Were David Einhorns Top Buys in 3Q17?   [Jan-18-18 07:31AM  Market Realist]
▶ Einhorn's Greenlight Capital cuts stakes in GM, Apple   [Nov-14-17 05:15PM  MarketWatch]
▶ Final Trade: TPX, EWZ and more   [Nov-09-17 05:30PM  CNBC Videos]
▶ Why Shares of Tempur Sealy Slumped Today   [Nov-02-17 01:36PM  Motley Fool]
▶ Tempur Sealy beats 3Q profit forecasts   [07:25AM  Associated Press]
▶ Stocks With Rising Relative Strength: Tempur Sealy International   [Sep-28-17 03:00AM  Investor's Business Daily]
▶ Hanesbrands names new CFO   [Sep-25-17 11:05AM  American City Business Journals]
▶ Stocks With Rising Relative Strength: Tempur Sealy International   [Sep-11-17 03:00AM  Investor's Business Daily]
▶ How Casper Flipped the Mattress Industry   [Aug-23-17 06:30AM  Fortune]
▶ Tempur Sealy beats 2Q profit forecasts   [Jul-27-17 04:04PM  Associated Press]
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