Value, growth at reasonable price, small-cap, long-term horizon

Miller Industries: A Tiny Niche Automotive Company With A Healthy Dividend And Zero Debt

In the Dark Corners of the Market... Value Still Lies

Some of the best places to look for value are industries that have been out of favor for a long time. During the financial crisis, the big three American automakers faced serious, and for some equity holders, fatal problems. When the foundations of the industrial ecosystem are in jeopardy, many of the smaller manufacturers in the auto sector suffered tremendously - experiencing depressed share prices, halting dividends and serious impairment of earnings power.

In spite of the difficulties experienced by the broader auto industry including the bankruptcy of General Motors (NYSE:GM) and the near collapse of Ford (NYSE:F), several small companies were able to weather the...

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