Middleby's All-Time High

Food industry equipment company Middleby (MIDD +0.34%) hit an all-time high today, after the company announced in its Q4 earnings report that profits were up 36%, and revenue was up nearly 40%. In this video from Wednesday's Investor Beat, host Chris Hill and Motley Fool analyst Bill Barker look at Middleby over the years. Bill notes that the addressable market for the company is enormous and continuing to grow both domestically and internationally, and the guys also discuss the company's incredible execution of its growth-by-acquisition strategy over the years. While an all-time high may look intimidating for investors, Bill still sees the possibility of another 10-year run for the company that could be just as impressive as its past 10 years.