Shares of Middleby (MIDD, Financial), a leading foodservice equipment manufacturer, declined 8.2% over the fourth quarter as investors’ concern over the near-term weaker demand environment continued. In response, the company has been focusing its efforts on improving cost efficiency, including facility consolidations, sales of non-core assets, and working to better lever their scale advantages.
From Leith Wheeler Funds' fourth-quarter 2019 quarterly review.
