firstadopter: $TPX call: this competitive environment is not going to go away. Increasing price competition between retailers selling the same product
Trending123: @fundmyfund$TPX is also a perfect example of a cheap stock "getting much cheaper".....holy smokes.....and they just warned last month
The lesson here is that tough price competition in what's essentially a commodity business (no matter what all those fancy commercials about adjustable beds and customized mattresses say) is never a good thing for an industry. TPX and MFRM weren't the only bedding companies getting whacked by the market. Sleep Number maker Select Comfort (SCSS) and Sealy (ZZ) also plunged. The mattress companies are starting to look no better than airline stocks.
Paul R. La Monica is an assistant managing editor at CNNMoney. He is the author of the site's daily column, The Buzz, and also tweets throughout the day about the markets and economy @LaMonicaBuzz. La Monica also oversees the site's economic, markets and technology coverage.