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

Middleby Finds Yet Another Growth Driver

Middleby is no ordinary industrial company. We are a high-tech firm with focus on energy, speed, ventless and water saving.

Selim Bassoul, CEO of Middleby, Q3 Conference Call

Middleby (NASDAQ:MIDD) has had a fabulous year, even as it consolidates from its all-time high of $239 after its recent Q3 earnings release, rising 69% through November 7th. The stock was trading at 127 almost a year ago when I described its smaller Food Processing Equipment Group as a substantial growth driver. At the beginning of the year, MIDD announced a game-changer when it acquired Viking Range and entered the residential market, creating a 3rd growth platform. After the analyst day in May, I updated my views regarding...

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