October. This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August and February.
-Mark Twain
The market is looking a little better this morning. NASDAQ was up almost 15 points and sentiment appears to be heading into the UP region in the 1 week sentiment graph. Stocks were up today after better than expected orders were made for durable goods. I don’t really know what that means, but apparently people are buying more shtuff. I’m wearing a really tight headband right now that I think may be impeding brain waves from fully manifesting themselves into thoughts. Durable goods, people buying stuff, credit crunch, I know these all add up to something….
Today I checked out a company called Middleby Corporation (MIDD). They manufacture and sell equipment to the food service industry. At first read, I almost decided to find another company. I can hardly afford Taco Hell right now, who the heck is going out to dinner every night? I think I’m deluding myself into thinking that $15 meals are okay because I’m sacrificing the time of making food for the higher price. But then again, time is money and if you factor in…Anyways $15 is expensive and I’m trying to stay away from restaurants of any sort.
However, Middleby Corp. produces completely innovative equipment that range from power saving ovens to reducing trans fat frier’s. There CEO is an aggressive, go getter with big visions for the company. Middleby has also been aggressively acquiring companies over the last year and using there profits to buy out more companies like TurboChef, whose ovens are used at Subway. Over the last few years, they have been growing at about 24%. The company is growing pretty standardly, but is also stable in its growth. In my opinion, the stock seems to be relativley inexpensive and attractive. Middleby seems to be a little know company that is one step ahead of the game with there new products and able to accommodate a greener society. Who doesn’t like that?
Stumble It!
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