$44.73
-0.53 (-1.17%)
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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I expect MIDD to attain $5 earnings per share by 2010. Given that, I expect MIDD to trade between $80 - $90 by then, giving me a 100% discount for a purchase under $40. 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.
The Implementation of a company dividend policy would be great for shareholders. I'd love to see that going forward...for now I'm still lurking on the sidelines...just too much uncertainty in this market...you have to be very picky with your investments.