Lackluster results. They can't generate organic sales increases. Until their chain restaurant customers start ordering, MIDD is dead money. Maybe this quarter will be the bottom, if so. Waiting for the low $40's.
I'm waiting until they report organic sales increases; then I may buy. I don't mind missing the bottom, my hand is too bloody from trying to catch falling knives. I am not looking at MIDD as a trade. I first bought MIDD in 2004 when TMF recommended it and I've made very good money in this stock as a long-term investment in the past five years. But I got out last Spring when it appeared their sales growth would slow or stop.