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In this segment of the Motley Fool Money podcast, host Chris Hill asks Fool analysts Jason Moser, Andy Cross, and Ron Gross to tell us about the companies they have their eyes on this week and why: Titan International (NYSE: TWI), Middleby (NASDAQ: MIDD), and Idexx Laboratories (NASDAQ: IDXX).
A full transcript follows the video.
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This video was recorded on May 4, 2018.
Chris Hill: Let's get to the stocks on our radar this week. Our man behind the glass, Steve Broido, is going to hit you with a question. Ron Gross, what are you looking at?
Ron Gross: Steve, do you like wheels?
Steve Broido: Yes, yes I do.
Gross: I've got Titan International for you. Ticker symbol TWI. Small-cap manufacturer of large industrial wheels. I have talked about it quite a bit, as Steve will attest to. They have finally turned the cyclical corner. Sales are up 19% this quarter, fifth consecutive quarterly increase. $14 million profit vs. a $10 million loss, love to see that. EBITDA was up 144%. I mention that because 144 is another word for gross, and it just makes me happy. Shares up 13% this week on the news. Still plenty of room to run. It was even higher earlier in the year, until we started throwing around words like tariffs and trade wars. So, something to keep an eye on there, but I think the stock has some room.
Hill: Steve, question about Titan International?
Steve Broido: I understand they're doing some interesting thing with shapes of wheels, some being oblong, some being --
Andy Cross: Square?
Gross: Did you see on Shark Tank? Shark Tank had a square wheel that they were trying to hock on that thing.
Broido: Can you confirm or deny that they're --
Gross: I deny, wholly and completely!
Hill: Andy Cross, what are you looking at?
Cross: Steve, do you like food? Because Middleby is what I'm looking at. Symbol MIDD. Maker of food service equipment for commercial and home kitchens. TurboChef and Viking are two of their big brands. They just announced an acquisition of JoeTap, the maker of nitro brew dispensers, for those of us who like cold coffee. That's a really fast-growing area. Questions I'm looking for is, the top line growth has really slowed, so, asking Selim Bassoul, who's a very well-respected CEO that we've been invested behind for many, many years, questions about their growth opportunities.