May 13, 2022 | Daily JAM, MIDD, Stock Alerts, Top 50 Stocks |
My one-hundredth-and-thirty-fourth YouTube video “Quick Pick Middleby” went up today. My Quick Pick this week is Middleby (MIDD), a manufacturer of restaurant equipment. I’ve been following the company for 20 years, during which time they’ve pursued basically the same slow and steady strategy of acquiring smaller players in their market area (where they are the largest player) and them using Middleby’s marketing leverage to grow sales at the acquisition. The stock took a hit on its recent announcement that it expects to feel the impacts of inflation and supply chain difficulties. It’s difficult to catch a falling knife, but I think this stock is a good buy long term and I am adding it back to my 50 Stocks Portfolio, which has a holding period of 5 plus years.
July 26, 2021 | Daily JAM |
Today I’m making Middleby (MIDD) the fourth pick in my Special Report: “5 Post-Pandemic Picks and 5 Post-Pandemic pans for a ‘New Normal.'” But I am suggesting that you hold off on buying this pick and look for a better buying opportunity in the fall.
March 31, 2020 | Daily JAM, MIDD, Stock Alerts |
I love this stock. It's been in the long-term 50 Stocks Portfolio since May 3, 2013. And someday I think the company's strategy of buying smaller commercial and domestic kitchen equipment companies and then super-charging their sales by giving them access to a bigger...
May 9, 2019 | Daily JAM, MIDD, Stock Alerts |
Yesterday, May 8, Middleby reported earnings of $1.24 a share, 10 cents a share below Wall Street estimates. Revenue for the first quarter climbed 17.4% from the first quarter of 2018 to $686.8 million, slightly above the $683.01 million Wall Street projection. Gross...
April 1, 2019 | Daily JAM, MIDD, Stock Alerts |
Most of the time when I look at Middleby's (MIDD) I focus on earnings growth from organic sources (which in turn means I look at the fortunes of the restaurant sectors that buy cooking equipment from Middleby) and from acquisitions. Middleby's business model says...
August 8, 2018 | Daily JAM, MIDD, Stock Alerts |
That's better. Today, before the market opened in New York, Middleby (MIDD) reported second quarter earnings of $1.63 a share. That was 7 cents a share above Wall Street projections and 20.&% higher than the $1.35 a share reported for the second quarter of 2017....
March 1, 2017 | Daily JAM, MIDD, Stock Alerts |
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August 12, 2016 | Daily JAM, MIDD, Stock Alerts |
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May 18, 2016 | Daily JAM, MIDD, Stock Alerts |
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September 28, 2015 | Daily JAM, DHR, Stock Alerts, Volatility, You Might Have Missed |
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August 7, 2014 | Daily JAM, MIDD, Stock Alerts |
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August 5, 2014 | Daily JAM, Mid Term |
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