Have people stopped buying mattresses?

It's not a high tech object... thank goodness. Just a bunch of steel wire woven together and wrap with fabric. Tatami is a good alternative.
 
newwurldmn said:
mattresses will scale to population rather than homes and we had excess deaths of more than 500,000 people and no real baby boom as a result of the lockdowns.

second I don’t think construction crews were subject to lockdowns. I think they were generally considered essential businesses though I’m sure their developments slowed as their crews decided unemployment was better than working and Covid would cause quarantines.
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You're way overthinking this dude. Pretty sure the OP's post was based on PRPL's sell-off.

While that which you said may be true..... Wall Street thinks in "quarters". Gotta beat those analyst estimates every 3 months at any and all costs. And I know you know that. It's 70% of what's wrong with everything. CEO's are bred to make those numbers. It's all bs. Your post reflects a mindset of a demographic outlook of years, decades even. That has absolutely friggin' zero to do with PRPL dropping from $19 to $13 in one day. I mean its laughable. A company can lose almost a BILLION dollars in value in just one quarterly report!!!!?
The whole thing is a friggin game.
Purple is a great company with a great CEO that gives back to his community and treats his employees right. So F Wall Street.
Case closed.
 
vanzandt said:
You're way overthinking this dude. Pretty sure the OP's post was based on PRPL's sell-off.

While that which you said may be true..... Wall Street thinks in "quarters". Gotta beat those analyst estimates every 3 months at any and all costs. And I know you know that. It's 70% of what's wrong with everything. CEO's are bred to make those numbers. It's all bs. Your post reflects a mindset of a demographic outlook of years, decades even. That has absolutely friggin' zero to do with PRPL dropping from $19 to $13 in one day. I mean its laughable. A company can lose almost a BILLION dollars in value in just one quarterly report!!!!?
The whole thing is a friggin game.
Purple is a great company with a great CEO that gives back to his community and treats his employees right. So F Wall Street.
Case closed.
More...

Im referring to the fact that looking at the housing market doesn’t mean prpl will have a good quarter. It’s like saying peloton should have a good quarter because more houses are built and people need pelotons in them.

The quarterly mindset comes from investors like you and me. If you don’t like it there are a slew of opportunities for you to take advantage of. There’s a guy in Omaha whose real big into it.
 
newwurldmn said:
Im referring to the fact that looking at the housing market doesn’t mean prpl will have a good quarter. It’s like saying peloton should have a good quarter because more houses are built and people need pelotons in them.

The quarterly mindset comes from investors like you and me. If you don’t like it there are a slew of opportunities for you to take advantage of. There’s a guy in Omaha whose real big into it.
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I love and adore the quarterly mindset, just like I love a full-sized GMC Yukon Denali that gets 14 MPG down hill with a tailwind on a good day. That doesn't mean they're good for America. :cool:
 
No, but the demand was definetely decreased actually. Everything because the materials which are used for creatin a good mattress became much more expensive than it was in the past and nowadays it's kinda tough to find a good mattress, which price will be okay. However, there are some people who still buying mattress, for example, my friend couple of months ago acquired a new one because his old one was in a very poor condition. Anyway, when the demand goes down, people start forgetting about this thing. The same thing has hapenned to mattresses, because they are created with a high quality and people buy them for 5-10 years.
 
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