Middleby Is Frying the Shorts

It was almost a year ago that I first wrote about Middleby (MIDD), when I described the company as "one of the most exciting companies that no one has ever heard of."  As of the close Thursday, the stock has declined about 20% from 62+ to about 50. 

Over the same time-frame, the Russell 2000 fell about 17% and the S&P 500 fell approximately 19%, so the stock has been a modest disappointment (and quite volatile, making an all-time high just shy of 79 in December before plunging to a low of about 39 in July).  Well, on Friday, things are going to most likely change.  Actually, they did in the after-hours Thursday, with several trades at 55, up about 10% from the close.  I think we could see 62 again, perhaps on Friday.