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3 Reasons Why Middleby Is a Buy

TheMotleyFool

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3 Reasons Why Middleby Is a BuyPhoto, wide shot, wide-angle lens, Home appliance manufacturer, neutral atmosphere, photo by Joe Cornish: https://img.theapi.app/temp/fb3845ac-e3c6-43ef-86c1-b57ed8c272c4.png

Restaurant-equipment maker Middleby (NASDAQ: MIDD) had a rough year in 2019. The stock fell 16% over the last six months while the S&P 500 gained 11%. The company missed analyst revenue targets in each of its last two earnings reports, and also fell short of the Street's earnings estimates in August's second-quarter report.

Middleby is hardly firing on every cylinder at the moment, but I see plenty of signs that the company's turnaround efforts are gaining traction. Here are three reasons you should pick up Middleby's shares at a discount right now.

Image source: Middleby.

Source Fool.com

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