Middleby Down 20% Due to Panic After Missing on Earnings
Middleby, the premier manufacturer of commercial kitchen equipment, was recently taught a lesson about how fickle the market can be. After missing an earnings expectation by $0.02, the market responded by Middleby stock dropping almost 20%.
On this video segment, Motley Fool's Chris Hill and Jason Moser examine this apparent market overreaction and explore possible reasons for the drop in stock value.
This podcast was recorded on 11/11/2015.