Sealy Generates Cash - For Now

Sealy Corporation (NYSE:ZZ) reported Q1 results and was very careful to explain that they have generated cash. This is critical because their sales are dropping and they are heavily indebted. No forecast predicted the current severe downturn. But when you hear Larry Rogers, Sealy's President and Chief Executive Officer say the following you have to wonder just what do they have for the future.

"While we expect market conditions to remain challenging, we will continue to take measures to improve our profitability through increasing collaboration with our retailer and supplier partners and the introduction of new products, while aggressively right-sizing our cost structure and maximizing our cash flow.”