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0.00219780219780219 0.00219780219780219 0.0013986013986014 -0.00239760239760249 -0.00349650349650358 -0.000999000999001084 0.00359640359640359 0.00359640359640359
Stock impact report

Why Middleby Stock Just Slipped 8% [The Motley Fool]

The Middleby Corporation (MIDD) 
Last the middleby corporation earnings: 2/26 07:00 am Check Earnings Report
Company Research Source: The Motley Fool
What happenedShares of restaurant kitchen equipment supplierThe Middleby Corporation(NASDAQ:MIDDInstead, it'sa short attackImage source: Getty Images.So whatThis morning, short-seller Prescience Point Capital Management issued a report warning of a potential "0% downside" to Middleby stock.Middleby provides commercial and industrial cooking equipment to quick- and full-service restaurants, retail outlets, and hotels. As Prescience points out, "[t]his industry has unfortunately been devastated by the COVID-9 pandemic."Yet the management company says it believes the virus' impact on Middleby "will be much larger than current projections."Citing the results of "a months-long investigation" into Middleby's finances, Prescience argues that "Middleby had already been struggling before COVID-9 as many of its large restaurant chain customers pushed out [capital expenditures] and delayed projects. For years, Middleby was able to hide deteriorating organic growth with progressively larger but l Show less Read more
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