Last year was one to forget for the commercial food equipment industry in the U.S. Earnings reports from multi-industrial companies like Illinois Tool Works and Dover Corp contained references to the softness in sales in 2017, while the message from pure-play food equipment companies like Wellbilt Inc. and The Middleby Corporation was pretty much the same. Is it part of a reversal of a trend, or merely a blip that's creating a buying opportunity in the sector, especially in a stock like Middleby, which has risen recently on hopes of a turnaround? Let's take a closer look.
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