Middleby just reported their fourth quarter 2007 results. Net sales grew 24.1% for the full year, and earnings per share grew 21.0% year over year. In my previous valuation, I had assumed 15% earnings growth, which yielded an intrinsic value of $94 per share. Based on these results, I look forward to seeing what shares are worth now. Apparently the future is still bright for Middleby.
Disclosure: Long Middleby