Gilford Has Hold On Tempur-Pedic (TPX)

Gilford Securities has a Hold on Tempur-Pedic International, Inc. TPX after the mattress maker reported earnings yesterday. In a note to clients, Gilford writes, "Tempur-Pedic, a leading manufacturer of sleep and general comfort solutions based on a dense visco-elastic foam material, continues to grow its specialty market share. In 2011, the company will introduce its TEMPUR-Contour Collection and rollout its TEMPUR-Cloud Collection to international markets. We also anticipate international retail partner store expansion." Gilford went on to say, "Our 2011 revenue is tweaked higher; EPS increases significantly. TEMPUR-Cloud starts international rollout, TEMPUR-Contour will be in domestic stores during 2Q and 3Q. International growth becomes more important in 2H11 and going forward."