📉   Miller Industries: Shares Can Keep Moving Higher

Investing

One company that continues to surprise me is Miller Industries (NYSE:MLR). If you're not familiar with the company, it's worth mentioning that it is a major manufacturer of towing and recovery equipment. Well, back in early May of this year, I wrote a bullish article about the company. In that article, I lauded the company for the fact that management had achieved success in stabilizing operations. This stabilization, combined with house shares were priced at the time, led me to reaffirm it as a ‘buy’ candidate. And since then, shares are up another 5.9% while the S&P 500 is up 2.9%.

seekingalpha.com     Aug 16, 2024