Food industry equipment company Middleby (MIDD -2.11%) 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.
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Middleby is on a tear right now. A tear that has lasted for the past decade.
Bill Barker and Chris Hill have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Middleby. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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