It says something about Middleby's (MIDD)
valuation that a 20% pullback from its recent 52-week high still has
the shares trading at around 15 times forward EBITDA. Then again, this
is a company that continues to post organic revenue growth and profit
growth well in excess of its industry peers while still looking at a
large, mostly unpenetrated global market. While I can't really get all
that comfortable with the valuation here, the operational story
continues to be one of continued performance.
Please continue here:
Middleby Continues To Defy Gravity
No comments:
Post a Comment