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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (48279)6/21/2012 6:08:46 AM
From: Bocor  Read Replies (1) of 78462
 
Mattress and home furnishing maker Tempur Pedic (NYSE: TPX) has some great products to help people get a better night’s sleep, which investors unfortunately need as the stock has lost a heart-wrenching 75% in the past two months.

Undeterred though, Chairman Andrews McLane bought an impressive 112,000 shares equating to approximately $2.8 million worth of stock. This is even more noteworthy as it marks the biggest purchase by an insider since 2004, indicating that the big drop in TPX has created some value at least in the eyes of this insider.
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