Piper Jaffray Remains Positive On SCSS

Select Comfort Corporation's (NASDAQ: SCSS) presentation was well attended at yesterday's ICR XChange investor conference, Piper Jaffray reports.

“The tone of management's presentation was very positive and we have incremental confidence with respect to our CY10 & CY11 sales and earnings estimates,” Piper Jaffray writes. “We estimate sales growth just over 5% during CY11 and now believe that strong execution during CY10 sets the company up for another terrific year in CY11. It's possible that sales growth could accelerate during CY11-CY12.

“We remain positive on the Select Comfort story and stock.”

Select Comfort closed Wednesday at $10.45.