When an investor is watching a great growth story from the wrong side of
the glass, there's little to do but hope for the occasional stumble to
create a buying opportunity. Fast-growing food service equipment company
Middleby (MIDD)
stubbornly refuses to cooperate, though, as management's consistent
execution has created relatively few pullbacks in recent times. Given
the company's dual focus on strong internal product development and
strategic M&A, not to mention the large addressable markets left
unexplored (both geographically and product-oriented), it's tempting to
make a "forget the valuation" call with Middleby. At a minimum, this is a
stock to monitor just in case one of those rare pullbacks comes.
Please continue here:
Middleby Not Giving Many 'Buy The Dip' Opportunities
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