Long Position on TPX @ $43.50 on 12/5/2023 (Fundamentals)

Tempur Sealy International, Inc. (TPX), together with its subsidiaries, designs, manufactures, markets, and distributes bedding products in the United States and internationally.

Double Bottom FormationIt provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, and Cocoon by Sealy brand names.

The company sells its products through approximately 700 company-owned stores, e-commerce, and call centers; and third party retailers, including third party distribution, hospitality, and healthcare. It also operates a portfolio of retail brands, including Tempur-Pedic retail stores, Sleep Outfitters, Sleep Solutions Outlet, Dreams, and SOVA, as well as licenses Sealy, Tempur, and Stearns & Foster brands; technology; and trademarks to other manufacturers.

Tempur Sealy International, Inc. was founded in 1846 and is based in Lexington, Kentucky.

With the acquisition of Mattress Firm shares are sure to head higher as the year comes to an end.

Entry Point: $43.50

Trading Range: $31.18 - $47.70

Stop Loss: $41.35

Target Price: $47.85

Position closed on 12/13/2023 at price of $48.75 with a 12.07% gain in 8 days.

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