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.
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.
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.
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.
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.