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$49.99 2.43 (5.11%)
7/23/2008 4:00 PM

The Middleby Corp (MIDD)

CAPS Rating:
*****

The Company designs, manufactures, markets, distributes and services of a line of cooking equipment and related products used in all types of commercial restaurants, institutional kitchens, and food processing operations.

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Recs

6

Avatar JDSancho (95.32) Submitted: 5/10/08 7:12 PM : Outperform Start Price: $55.84 MIDD Score: -11.44

I expect MIDD to easily attain $4.30 earnings per share by 2010. Given that, I expect MIDD to trade between $80 - $90 by then, giving me a 45% - 60% discount for a purchase under $55. For this reason, it's one of the top 5 largest holdings in my personal portfolio. Of course, this assumes future acquisitions go according to plan. I have faith in the skill of CEO S. Bassoul seeing as he's done an outstanding job thus far, and his is the largest shareholder. As a bonus, Ken Heebner of the CGM Fund Family has a large stake in MIDD (through is Capital Development Fund, LOMCX). I think very highly of Mr. Heebner and I don't think anyone can go wrong investing along side of him.

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