Middleby Corp.  Trading at 134.68.  No div.  P/E is at 25.55.  5.7% short. Book value is 23/share.

Forward EPS growth 15ish.  This coming year.  11.69%.  Book value growth at 25.92.  Return on equity is at 23.  Debt at 27% of assets which includes a bunch of goodwill.

It’s a growth company.  Doesn’t have a ton of book.  Just never know if it will continue growing at this clip.  I don’t like that Bassoul moved to TX.

Discover Revisited.  Trading at 60.22.  Neutral outlook on fidelity.  Generally, people are anticipating that the consumer credit cycle is nearing an end…I guess people are maxing out their credit cards and the credit card companies are marking allowances.  BV is at 29.46.  Forward EPs is 11.  Return on equity is at 21.77.  Debt is at 250%…standard for a credit card.  Earnings have grown well since the 2008 crisis. Dividend is at 2% yield with a  20.48% payout ratio.  That puts our 10 year price at 175.64.  Discounted to present at 15.  That puts a buy at 43.  It’s a nice company for sure.  It’s a nice company.  It will definitely grow.