Sell: Middleby (MIDD)
Updated from Investment Digest 760, August 20, 2014
Middleby (MIDD), originally recommended by Cabot Benjamin Graham Value Investor, fell through the 115 level that I had suggested using as a stop, and should now be sold. Technically, the stock is broken. You may remember that followers of Roy Ward’s strict value discipline sold in early May when the stock originally reached his Minimum Sell Price of 109.72, but that I chose to hold in pursuit of further gains. If you had a stop at 115 and cashed out there, congratulations. SELL.
Timothy Lutts, Cabot Stock of the Month, www.cabot.net, 978-745-5532, August 25, 2015