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The Middleby Corporation (MIDD)

NasdaqGS - NasdaqGS Delayed Price. Currency in USD
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123.47+1.70 (+1.40%)
At close: 4:00PM EDT
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  • G
    Grace
    Grace
    Perhaps a short-term pull back is more likely before the next rally on MIDD? Yo you should really check out Awe-Some.Sto-ck.s, they seem on point with their stocks.
  • E
    Elizabeth
    Elizabeth
    Is MIDD undervalued? This sort of setup suggests potential upside... Do you guys find it difficult to know when to buy or sell something? I prefer to get my stocks from awe-som_sto-cks.
  • b
    blackoutbuzz
    blackoutbuzz

    Store in a box. This is an interesting move, but seems to be somewhat outside the company's core competency of food equipment design and manufacturing. Presumably MIDD will allow QualServ to continue operating independently, and use it as a new sales channel.

    @@@The Middleby Corporation (MIDD) today announced the acquisition of QualServ Solutions, LLC (QualServ), a global commercial kitchen design, manufacturing, engineering, project management and equipment solutions provider. QualServ, based in Fort Smith, Ark., has annual revenues of $100 million. “QualServ is a respected industry leader providing a unique set of services and equipment solutions for the commercial foodservice equipment industry. This acquisition expands the Middleby product offerings to include kitchen fabrication, and will allow us to provide integrated equipment solutions with our existing portfolio of brands and products,” said Selim A. Bassoul, Chairman and CEO. “The addition of QualServ will also enable us to further expand the services we provide to our global restaurant chain customers. These customers want logistical and engineering solutions in both the back and front of the restaurant and with QualServ we have the ability to provide advanced data analytics and broader services beyond equipment sales. QualServ has grown substantially over the past few years and combined with Middleby we anticipate growth through expansion of their capabilities into international markets by leveraging Middleby’s global footprint.” QualServ delivers “Store-in-a-Box” solutions by providing comprehensive design and turn-key solutions to customers in the foodservice, retail, and convenience store industries.

    http://www.businesswire.com/news/home/20170831006471/en/Middleby-Corporation-Acquires-QualServ-Solutions-LLC

    The Middleby Corporation Acquires QualServ Solutions, LLC
    The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of QualServ Solutions, LLC (QualServ), a global commercial kitchen design, manu
    www.businesswire.com
  • A
    Ashley
    Ashley
    The trading setup for MIDD looks very enticing. Yo you should really check out Awe.Som.e.Sto-cks., they seem on point with their stocks.
  • b
    blackoutbuzz
    blackoutbuzz

    Wow. Beat earnings conference call ever. Amazing amount of information on the Q&A. Must read for any MIDD investor, current or future. I won't' cut and past highlights... there are just too many. OK well maybe a couple

    @@@So I can't speak about one quarter or second, but I will tell you that today, sometime in starting the fourth quarter and going into 2018, we have basically nine chains that will account for over $300 million within the next 24 months starting in the fourth quarter of rollouts. What is different about this -- those nine chains than the previous rollout we've had in the fact that three of those nine accounts are totally new to us. They've never been a Middleby account. We are displacing all technology and all or other competitors to our new innovation. In addition, we have always been a second place player in QSR. So we're not number one in QSR, we've always been the number two. Today, we are rolling out $150 million with two of two largest QSR in the world in the next 24 months. Which means new customer opportunities are coming online, not only in QSR, fast casual, but in convenient stores, in hospitals, nursing homes, and in fast food, which is a new area for us, as you all know, we have always been lagging QSR in the past.

    @@@And yesterday was -- actually it was basically because Selim and I were in the same spot at the same time. We didn't ask for these meetings, but they occurred because we just happened to be in the same room, which very rarely happens. We had four distinct meetings, basically, with titans of the industry -- with higher titans of the industry that came in, solicited us, asked for time with us. We never talked about, they came searching for us. They flew in. They came here. And before we -- it's fun to talk about the big chains. But it's also just as fun to talk to individual owners that know what they're doing, that have run large corporations, and now are taking their own money and investing in what they consider billion-dollar ideas. And they have come exclusively to us because we have the unique ability, thanks to our experience in solving small kitchens and cruise lines, to fast casual, to full-scale high-end restaurants, our ability to bring our technology -- like business and control technology, and implement a solution, literally, in days for them. And they all saw that independently. And we were back-to-back with very distinct meetings with opportunities that almost boggle your mind by people that are investing their own money, and truly -- if you guys can include these people -- they are titans of the industry. And they came to us, to ask us exclusive to partner with them.

    https://seekingalpha.com/article/4098415-middlebys-midd-ceo-selim-bassoul-q2-2017-results-earnings-call-transcript?part=single

    The Middleby's (MIDD) CEO Selim Bassoul on Q2 2017 Results - Earnings Call Transcript
    The Middleby Corporation (NASDAQ:MIDD) Q2 2017 Earnings Conference Call August 10, 2017 11:00 a.m. ET Executives Selim Bassoul - Chairman and CEO Tim Fitzgerald
    seekingalpha.com
  • b
    blackoutbuzz
    blackoutbuzz

    Zacks robo-analyst spewed out some garbage yesterday. Hilarious is an understatement, especially this little tidbit

    @@@Moreover, dismal oil prices are thwarting the oil companies’ sales, thus significantly reducing the extent of Greenfield investments made in the sector. Lower investments made by the companies are hurting the sales of heavy equipment, machinery parts and steel producers, like Middleby.

    https://finance.yahoo.com/news/middleby-midd-downgraded-sell-macro-133601603.html

    Middleby (MIDD) Downgraded to Sell, Macro Headwinds Linger
    On Jul 11, The Middleby Corporation (MIDD) was downgraded to a Zacks Rank #4 (Sell) from a Zacks Rank #3 (Hold).
    finance.yahoo.com
  • b
    blackoutbuzz
    blackoutbuzz

    I'd sure like to know what the CEO thinks of Flippy the robot chef

    @@@Robots are coming to a burger joint near you A burger-flipping robot called Flippy will be at work in Caliburger restaurants by early 2018. Miso Robotics, the inventor of Flippy, has raised $3.1 million in Series A venture funding.Patent services firm Acacia Research, Caliburger and Match Robotics VC are investors.

    http://www.cnbc.com/2017/07/04/miso-robotics-is-bringing-artificial-intelligence-to-restaurants.html

    Robots are coming to a burger joint near you
    Miso Robotics is going after the restaurant industry with robots that can do the dirty work of fry cooks.
    www.cnbc.com
  • b
    blackoutbuzz
    blackoutbuzz

    MIDD is getting busy with acquisitions again

    @@@The Middleby Corporation (MIDD) today announced the acquisition of the Sveba Dahlen Group. The company, headquartered in Sweden, develops and manufactures ovens and baking equipment for the commercial foodservice and industrial baking industries. The company markets its products under three leading brands, Sveba Dahlen, Glimek, and Bear Varimixer. The combined group has approximately $60 million in annual sales.

    https://finance.yahoo.com/news/middleby-corporation-acquires-sveba-dahlen-200100133.html

  • R
    Robert
    Robert

    It🌱is🌱a🌱wise🌱father🌱that🌱knows🌱his🌱own🌱child.http://dataunion.tistory.com/9289

    The Middleby Corporation NASDAQ $MIDD Correlation Histogram
    X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 2,830 NASDAQ Stocks Price Analysis This stock mode of correlation coefficient is 0.9 In other words, the correlation coefficient of the other stock
    dataunion.tistory.com
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    Bill
    Bill
    Just bought more today. It seems that is what you do when a rock solid stock drops on absolutely no news.
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    T O
    T O
    anyone buying more under $120?
  • T
    Tom
    Tom
    what's going on with the price action in midd? a drop from 130 to 120 in a couple of days? will the bounce off of 120 be higher than 122?
  • T
    Tammy
    Tammy
    MIDD appears to suggest upside opportunity. google awe.some.stocks - they offer pretty good trade alerrts. you dont have to trade their tickers but it definetly helps you recognize possible patterns for stocks you're trading.
  • R
    Ronald
    Ronald
    Treasurer selling 4,000 shares is not a good sign. Hope we don't give back all of todays gain.
  • R
    Ronald
    Ronald
    A nice day today to start the month all the trolls left at the end of last month now lets start the real uptrend. Best of luck to us longs.
  • R
    Ronald
    Ronald
    Here's an Idea why not LOW or HD buy out this company. Another avenue of income selling their products already. JCP getting into the appliance and hospitality business. Any opinions??
  • b
    blackoutbuzz
    blackoutbuzz

    Viking new product lines expected to lead legacy by end of this year. Long overdue but the end looks finally in sight.

    @@@The 7-Series product line on the cooking side continues to be growing extremely fast, and this is a line that we have introduced under Middleby which has all the Middleby technology, the burners that are non-clog burners, the no pre-heat ovens. We are also, we were missing basically a contemporary or what I call an urban product line. So, New York City, Chicago, Miami, LA, high-rises, so we did not have this line. It's not only in looks but it's size. So it fits in a different type of kitchen and we are launching that later this year, a complete line called Virtuoso. So, from that perspective, what we have been waiting for is the flow of the product line we needed, and we are starting to see. So we go back to 7-Series ranges doing extremely well, our French-Door Oven is doing well, and then our 7-Series refrigeration and we are getting Virtuoso launched at the end of this year. And now we'll most probably start, once we introduce 7-Series refrigeration and it obsoletes the 5-Series, and we start obsoleting the legacy products, I think we're going to start seeing a significant improvement in top line at Viking. Now the timing is most probably, I would say again, like everything else, we launch a product, by the time we put it in the dealer displays, I'm looking at most probably towards starting to see that happening towards the end of this year.

    https://seekingalpha.com/article/4073000-middlebys-midd-ceo-selim-bassoul-q1-2017-results-earnings-call-transcript?part=single

    The Middleby's (MIDD) CEO Selim Bassoul on Q1 2017 Results - Earnings Call Transcript
    The Middleby Corporation (NASDAQ:MIDD) Q1 2017 Earnings Conference Call May 10, 2017 11:00 am ET Executives Timothy Fitzgerald - VP and CFO Selim A. Bassoul - C
    seekingalpha.com
  • A
    Anonymous
    Anonymous
    With a decent earnings report (which I expect) I can see us at $145-150 by tomorrow,
  • b
    blackoutbuzz
    blackoutbuzz
    From the earnings call Q&A, the CEO says this about commercial business... equipment testing activity by potential customers is the HIGHEST HE's EVER SEEN.

    @@@@I think that the restaurant business today, after the major recession have done a superb job in running their business. I admire all the leaders of all the restaurant chain. And when you’re not good or you don't have a product either they resign or move to somewhere and they take their intellect somewhere else to start another chain. So my issue has always been is what is the backlog of people booking a solution. If I look at that and I say wow there's nobody coming flying into our divisions to look at solution is where most probably would become my worrying state of mind. So I see people coming and they might be testing with our competitors too. But as long as they testing, solution and innovation I feel confident that the market is going to grow pretty well. And I can tell you the number of customers seeking solutions and coming to us to test, it has been the highest I’ve ever seen. So we came from show, we are busy in terms of testing, people are testing, chains are testing.
  • b
    blackoutbuzz
    blackoutbuzz
    So what is with the major monkey business going on today after earnings? Second time in the last year the monkeys played their game, spiking the stock sky-high at the open with major re-trace to market close. Fukkkn hedge fund monkeys...