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Middle B Is Back at Its All-Time Lows
Capital equipment is more cyclic than non capital equipment. You would expect caterpillar or joy global to be a highly cyclical stock and not this cycle because it hasn't seemed to happen. Now middle B make ovens for commercial kitchens. And you'd have thought that there was a very big cycle going on. There are an awful lot of restaurants that are closing. But as those restaurants close, their commercial kitchens should get resold. It's good equipment. It's got long lifespans. I can't see it. Middle B is back at its all-time highs. The stock is not bleeding large amounts of cash. They might be selling entirely to sort of a takeaway industry