A Selection to Sleep Well

10/09/2002 12:00 am EST

Focus:

Kevin Kennedy

Publisher, Coolcat Explosive Small Cap Growth Stock Report

Kevin Kennedy, editor of The Coolcat Explosive Small Cap Growth Stock Report, continues to be bearish on the market.  He says, “I still think the NASDAQ will need to break below 1,000 in the next two-four weeks to set up a decent rally on the long side.”  Despite his negative stance, he has found a low-price stock with strong momentum that he feels warrants purchase. Indeed, this bed retailer adds a new meaning to a stock that lets you "sleep well at night".

Select Comfort (SCSS NASDAQ) is showing relative strength of 99, which means it is outperforming 99 of 100 other stocks. Founded in 1987, Select Comfort is the nation's leading bed retailer, holding 27 US-issued or pending patents for its personalized sleep products. The company designs, manufactures, and markets a line of adjustable-firmness mattresses featuring air-chamber technology, including the Sleep Number bed, as well as foundations and sleep accessories.

Select Comfort's products are sold through its 321 retail stores located nationwide, including leased departments in Bed Bath & Beyond stores; through selected bedding retailers; through its national direct marketing operations; and on the Internet. The company announced September 16 that it expects to exceed the high-end of its previously announced third-quarter guidance of $72-$78 million in net sales. The company will report results October 15.”

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