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10-09-2006, 03:50 PM
Yahoo Finance Investing Strategies
Motley Fool
Foolish Forecast: I Dream of Sealy
Monday October 9, 12:34 pm ET
By Rich Smith
Mattress maker Sealy (NYSE: ZZ - News) reports third-quarter 2006 earnings results on Wednesday. Want to know what Wall Street expects to see? Read on. Want to know what really matters? Read on a bit more.
What analysts say:
Buy, sell, or waffle? Seven analysts follow Sealy, giving the firm three buy ratings and four holds.
Revenues & earnings. Analysts expect Sealy to earn $0.30 per share on $410 million in sales.
What management says:
Reviewing last quarter's results, CEO David McIlquham noted that although the firm's new, higher-priced product introductions (its Posturepedic line in particular) were a primary factor in depressing its U.S. sales, they also acted as a growth driver for profits going forward. Last quarter saw average selling prices rise 9%, and McIlquham is now turning his focus to "driving domestic unit volume." Combined with what he termed "continued operating improvements," McIlquham promised to "increase [Sealy's] annual cash flow and profitability consistently over the long term."
What management does:
complete article here... (http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/fool/061009/116041167407.html?.v=1)
Motley Fool
Foolish Forecast: I Dream of Sealy
Monday October 9, 12:34 pm ET
By Rich Smith
Mattress maker Sealy (NYSE: ZZ - News) reports third-quarter 2006 earnings results on Wednesday. Want to know what Wall Street expects to see? Read on. Want to know what really matters? Read on a bit more.
What analysts say:
Buy, sell, or waffle? Seven analysts follow Sealy, giving the firm three buy ratings and four holds.
Revenues & earnings. Analysts expect Sealy to earn $0.30 per share on $410 million in sales.
What management says:
Reviewing last quarter's results, CEO David McIlquham noted that although the firm's new, higher-priced product introductions (its Posturepedic line in particular) were a primary factor in depressing its U.S. sales, they also acted as a growth driver for profits going forward. Last quarter saw average selling prices rise 9%, and McIlquham is now turning his focus to "driving domestic unit volume." Combined with what he termed "continued operating improvements," McIlquham promised to "increase [Sealy's] annual cash flow and profitability consistently over the long term."
What management does:
complete article here... (http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/fool/061009/116041167407.html?.v=1)