Select Comfort News

Saying it's "an opportune time for a transition," William McLaughlin handed the reins at Select Comfort Corp.

The company designs, manufactures, markets and distributes adjustable-firmness beds and other sleep-related accessory products.

At the turn of the 20th century, U.S. mattress maker Sealy Corp launched an advertising campaign with the line, "Sleeping on a Sealy is like sleeping on a cloud." That line and several mattress innovations helped make Sealy the No.

The firm currently has an "outperform" rating on the stock. The analysts wrote, "Given the backdrop of continued secular growth trends in the specialty mattress industry, SCSS is the clear market leader of air mattress technology.

Spare some sympathy for billionaire hedge-fund manager Steven Cohen. First, the founder of SAC Capital Advisors failed in his bid to buy the Los Angeles Dodgers.

Hologic Inc. : After Hologic agreed to acquire Gen-Probe , Argus believes that the deal will position Hologic as the premiere women's health-focused company.

SAC Capital Advisors has quietly become one of the largest shareholders of Select Comfort Corp., the Plymouth-based specialty mattress manufacturer that has rebounded despite the slow economic recovery.

SAC Capital Advisors has quietly become one of the largest shareholders of Select Comfort Corp., the Plymouth-based specialty mattress manufacturer that has rebounded despite the slow economic recovery.

Steven Cohen , the billionaire hedge fund manager of SAC Capital Advisors, has been adding to holdings of companies of which he owns a substantial portion, according to GuruFocus' Real Time Picks .

Select Comfort trades higher after SAC Capital discloses in a 13G filing that it raised its stake in the firm to over 5% from a small position held at the end of 2011.