Alan Brochstein, CFA
Contrarian, growth at reasonable price, management change, cannabis stocks

Middleby Analyst Day Confirms Strong Long-Term Growth Prospects

Middleby (NASDAQ:MIDD) held an "Investor Day" at its TurboChef facility in the Dallas area on June 18th. While the primary goal of the meeting was to update analysts on the progress of the recently acquired Viking Range Corporation, CEO Selim Bassoul and his team went well beyond describing the remarkably quick integration taking place and shared a very promising preview of a strong product cycle ahead in its core Commercial Foodservice division. Perhaps most importantly, though, the conversation reinforced why MIDD is such an exceptional company, with a culture of performance and innovation. While the information shared won't likely result in EPS boosts, target changes or upgrades, it should give long-term investors even more confidence in the future....

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