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.
No comments:
Post a Comment