Mairs and Power Comments on Sleep Number

Guru stock highlight

Oct 28, 2021

Summary

A new position.

The Fund invests across the entire market cap spectrum, and we continue to find compelling opportunities in the small-cap space. In the third quarter, we added Minneapolis-based bed manufacturer Sleep Number (SNBR, Financial) to the portfolio. While the company operates in a fiercely competitive industry, we believe its unique technology and its retail experience give Sleep Number a leg up on their competition. Its partnership with the Mayo Clinic should help drive further innovation.

From Mairs and Power (Trades, Portfolio) Growth Fund's third-quarter 2021 letter.

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