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MIDDLEBY CORP., $154.15, symbol MIDD on Nasdaq, designs, manufactures, markets, distributes and services a broad line of (i) foodservice equipment for all types of commercial restaurants and institutional kitchens, (ii) food preparation, cooking, baking, chilling and packaging equipment for food-processing operations, and (iii) premium kitchen equipment, including ranges, ovens, refrigerators, ventilation, dishwashers and outdoor cooking equipment, primarily used in the residential market.
The company owns over 120 brands, including TurboChef, Follett, Star, Viking Range, AGA, and Armor Inox.
Founded in 1888 as a manufacturer of baking ovens, Middleby Marshall Oven Company was acquired in 1983 by TMC Industries Ltd., a publicly traded company that changed its name in 1985 to The Middleby Corporation.
Middleby has made several successful acquisitions over the last few years.
Most recently, on February 7, 2024, the company announced the acquisition of GBT GmnH Bakery Technology....
The company owns over 120 brands, including TurboChef, Follett, Star, Viking Range, AGA, and Armor Inox.
Founded in 1888 as a manufacturer of baking ovens, Middleby Marshall Oven Company was acquired in 1983 by TMC Industries Ltd., a publicly traded company that changed its name in 1985 to The Middleby Corporation.
Middleby has made several successful acquisitions over the last few years.
Most recently, on February 7, 2024, the company announced the acquisition of GBT GmnH Bakery Technology....
As we’ve often pointed out, IPOs (initial public offerings) tend to come to market when it’s a good time for the company or its insiders to sell. That may not be, and often isn’t, a good time for you to buy.
One common problem is that the IPO sales process drums up a temporary wave of buying that can push up the stock’s price....
One common problem is that the IPO sales process drums up a temporary wave of buying that can push up the stock’s price....
ACI WORLDWIDE INC., $30.31, is a buy. Through the stock (symbol ACIW on Nasdaq), investors tap this leading provider of software for processing transactions. That includes credit cards, debit cards, automated teller machines, point-of-sale terminals and interbank systems....
On Black Friday this year—November 24, the day after U.S. Thanksgiving, which is the traditional start of the U.S. Christmas shopping season—the Wall Street Journal ran an interesting article entitled “You’re Probably Falling for Fake Product Reviews.”
The Journal quoted a University of California at Los Angeles professor, Brett Hollenbeck, who has studied the subject....
The Journal quoted a University of California at Los Angeles professor, Brett Hollenbeck, who has studied the subject....
FRESHPET INC., $69.30, symbol FRPT on Nasdaq, makes fresh, natural food for dogs and cats. The company’s foods are blends of fresh meats, vegetables and fruits farmed locally and made at its Freshpet Kitchens. Freshpet uses natural ingredients, cooking them in small batches at lower temperatures to preserve their natural goodness.
The company sells its products to grocery stores, mass merchants, warehouse stores, specialty pet and natural food stores in the U.S., Canada, and Europe....
The company sells its products to grocery stores, mass merchants, warehouse stores, specialty pet and natural food stores in the U.S., Canada, and Europe....
TRANSDIGM GROUP INC., $957.63, symbol TDG on New York, engages in the design, production, and supply of highly engineered exclusive components for use in commercial and military aircraft worldwide. Its products include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, and specialized pumps and valves.
On November 9, 2023, TransDigm announced that it would acquire the electron device business of Communications and Power Industries for $1.39 billion in cash....
On November 9, 2023, TransDigm announced that it would acquire the electron device business of Communications and Power Industries for $1.39 billion in cash....
We think that most Canadian investors should hold the bulk of their portfolios in high-quality, dividend-paying Canadian stocks (or ETFs that hold those stocks). We also feel that virtually all Canadian investors should have, say, 20% to 30% of their portfolios in U.S....
DIREXION DAILY AMZN BEAR 1X ETF $18.71 (New York symbol AMZD) holds short positions in the shares of only one company—Amazon.com. The ETF launched in September 2022 and has just $3.0 million in assets under management.
The objective of the ETF is to generate a return equivalent to the inverse of the daily return on the shares of Amazon....
The objective of the ETF is to generate a return equivalent to the inverse of the daily return on the shares of Amazon....
Online commerce grew steadily for a decade before the onset of COVID-19. It then took off in a major way. Still, as consumers returned to physical stores and workers returned to the office, that rapid growth slowed. Regardless, the long-term trend remains firmly positive, and the online transactions should continue to rise for years to come.
Here are two ETFs that include companies with a strong online presence....
Here are two ETFs that include companies with a strong online presence....
AMAZON.COM INC., $128.13, is a buy. The company (Nasdaq symbol AMZN; TSINetwork Rating: Average) (www.amazon.com; Shares outstanding: 10.3 billion; Market cap: $1.3 trillion; No dividends paid) has just agreed to invest up to $4 billion in privately held artificial-intelligence company Anthropic; it will take a minority ownership position, committing an initial $1.25 billion....