$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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Short term this stock may drop to as low as $25 per share but long term outlook is positive. Americans will continue to eat out and management will do an excellent job of intergrating the latest acquistions into the business cost effectively in the long term. FCF continues to grow + 20% over the past 4 years and will continue with the latest acquistions. Although the debt level is high because of the recent acquistions management has already started to pay down the long term debt balance based on 9/30 numbers.
If you wait for this to pull back to $25, you'll never own this stock.
$25.67 today, not sure its going much lower. But my point was not to predict the low, but to say that I got in at $27.84, but short term I could see the stock dropping to as low as $25.
$25.67 today, not sure its going much lower. But my point was not to predict the low, but to say that I got in at $27.84, but short term I could see the stock dropping to as low as $25.