Through its focus on providing its restaurant customers with the cooking equipment that allows them to cook faster and save energy, Middleby (NASDAQ:MIDD) has delivered tremendous shareholder value over the past decade or so. The company, led since 2001 by CEO Selim Bassoul (55), who brought deep industry experience when he joined from Illinois Tool Works (NYSE:ITW) in 1996, has been built on a successful model of acquiring premier brands and selling them through its global distribution. Since the end of 2001, a year in which he executed a transformational acquisition, the share-count has increased less than 5% while sales have grown ten-fold and EPS have increased by 4500% roughly.
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The stock has...
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