Attempting to purchase Tempur-Pedic International, Inc.

dots Posted on February 1, 2006 , filed under Stocks | Print This Post

I’ve submitted an order to purchase 1000 shares of TPX, Tempur-Pedic International, Inc. at $11.65. It doesn’t appear that I will get the shares since I was priced out. Shares are currently trading at $11.77. 17.2% of the float consist of short shares. I believe short sellers have pushed the price of this stock down. Tempur-Pedic reported strong sales for the 4th quarter, 2005, on January 26th, 2006. TPX looks like a strong turn around play to me. I like TPX at under $11.75. I expect to see TPX at $15 in 3-6 months and $17 in 6 months-1 year.

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