January 7, 2009

On Middleby

Followers of the Fool know that they have recommended Middleby for years as one of its Hidden Gems selection. But, like a lot of stocks, it has been too pricey for me to buy...until now.

Investopedia mentions the stock briefly in an article here. The stock is trading with a P/E of 8 and a forward P/E of just under 8. It's PEG ratio is .37.

One note of caution: the company did just purchase the Turbo Chef company, but they had to take on debt to do so. This could have a negative impact on already decreased earnings and the stock price may suffer accordingly.

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