While the industry may not be sexy and there will never be a blockbuster product that powers the company into the stratosphere, Middleby has extremely strong performance and is at a valuation that could lead to another year of outsized gains in 2010.

TheStreet.com Ratings gives Middleby a "buy" recommendation. Rather than jumping into the latest hot and overvalued stock, consider Middleby as an attractively priced, lesser-known bet.

-- Reported by David MacDougall in Boston.
Prior to joining TheStreet.com Ratings, David MacDougall was an analyst at Cambridge Associates, an investment consulting firm, where he worked with private equity and venture capital funds. He graduated cum laude from Northeastern University with a bachelor's degree in finance and is a Level III CFA candidate.

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