Middleby (MIDD)

By xiexgp@gmail.com, November 6, 2013

Does anyone have an opinion about The Middleby Corporation (MIDD)? Motley fool recommended it a while ago…
Thanks in advance.

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2 Comments on " Middleby (MIDD)"

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Travis Johnson, Stock Gumshoe
Admin
6128
I have not looked at that one in a long time, but it was a legitimately spectacular pick from Tom Gardner many years ago at the Fool — I think he started recommending it early in their initial turnaround in the mid-2000s around $20 a share (it’s over $200 now), and I know they kept featuring it as a favorite for many years up to $50 and $100 at least. But that said, I don’t know much about their current prospects, they’re not a cheap or easy buy any more but they are still growing nicely — their big drivers… Read more »
hblytt
Member
9
hblytt

Somebody please help us novices: Middleby has a PE multiple of 28, and a three-year EPS growth rate of 27%. So it’s priced for growth. If it continues to grow at 20% plus, the share price will increase. And if it falls to something more normal, like 8% (analyst’s view on the current quarter = 12%) the multiple – and therefore the share price- will fall. Making sense or showing my ignorance (which is OK). Thanks to whoever pitches in on this one.

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