Sleep Number: Investment Thesis
Based on a closing share price of $44.25 at Sept. 17, 2019, and analysts' consensus estimates, Sleep Number (SNBR) could conceivably provide rates of return between 6% to 8% over the next five years. In the past three weeks, there have been opportunities to buy Sleep Number shares below $40. Continuing share price volatility suggests there could be an opportunity to again buy shares below $40. At a share buy price below $40, Sleep Number indicative rates of return increase to in excess of 10% over the next five years. Purchasing