Tempur-Pedic and Leggett & Platt Under StockCall Review: Competition Heating up
LONDON, January 28, 2013 /PRNewswire/ --
Results for companies with operations in the home furnishings and fixtures industry have been mixed of late as uneven demand at home and abroad have led companies in different directions. Nevertheless, with the U.S. economy continuing to march down the road to recovery and positive signs in Europe, 2013 could be a solid year for the industry and companies such as Tempur-Pedic and Leggett & Platt Inc. StockCall has released free technical analysis on Tempur-Pedic International Inc. (NYSE: TPX) and Leggett & Platt Inc. (NYSE: LEG). Register now to access these reports at http://www.stockcall.com/todaysopinions
On the earnings side of things, Tempur-Pedic had a challenging 4th quarter. The company saw its net income and net sales contract in year-over-year comparisons, though results did beat Wall St. expectations. Competition from key rivals has been quite daunting for Tempur-Pedic as it lost market shares in recent months. As part of counter-strategy to rivals' cutthroat marketing and promotional activities, the company has recently bought Sealy Corp. The company has a number of new initiatives and products in the works, and believes that 2013 will be a year of growth in North America. Sign up today for the free report on Tempur-Pedic at http://www.StockCall.com/TPX012813.pdf
Leggett & Platt has done a stellar job of navigating the tricky economic times with its diversified portfolio of products across many industries, and could make shareholders happy when it reports its latest quarterly results on February 5th, 2013. For its most recent quarter, Leggett saw its sales climbed by 4% to $982.2 million year-over-year mainly due to a 7% surge in same location sales volumes. However, this maker of diversified engineered products and component also faces a rigid competitive landscape with rivals like Genuine Parts Company. Also worth noting, Leggett P/E ratio is much higher than Genuine Parts and the industry as a whole. The full technical report on Leggett & Platt is accessible at http://www.StockCall.com/LEG012813.pdf
Nonetheless, Leggett also offers an attractive dividend which has been on an uptrend without fail since the day the company started to offer this option to its shareholders. In short, shareholders of Leggett & Platt has seen dividend rate consistently move up for 25 consecutive years. Companies offering such incentives have drawn many investors especially during these uncertain economic times.
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