Mattress maker Sealy (ZZ) wasn't one of my favorite stocks last year. I wasn't too bullish on the company back in the summertime. Of course, the stock rallies after I render my bearish opinion. Always happens, right? It's okay. I felt the risk at the time wasn't worth it. I did allow, however, the opportunity for checking in on the fundamentals at a later date.

Well, we are now at a later date, so let's check out the Q4 numbers, which were released to Wall Street on Wednesday after the bell. Overall sales increased a little less than 2%. Domestic revenues were better than international revenues (and, no, the latter wasn't helped out even with the elimination of currency effects).

Sealy (NYSE: ZZ) is another one of those cheap stocks that's up big from lows achieved earlier in the year. When I say cheap, I don't mean value. I'm talking about a low-priced equity. The kind of equity that is priced below $5 per share. In the case of Sealy, its shares could be had, as of the close of trading on Tuesday, for $1.96.

But wait, you could have gotten it even cheaper in the after-hours session, because shares of the bedding manufacturer traded down to $1.82 on its Q2 report. I have to agree with the market. Although there were some positive elements contained in the release, overall, I wasn't impressed enough by the numbers to become a buyer.