Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Miller Industries Quietly Executing

I cannot say that I'm thrilled with how Miller Industries (NYSE:MLR) has performed since I wrote about it as a Top Idea in September of 2013. The shares are slightly ahead of the market since then, and the comp group has ranged from the outperforming Oshkosh (NYSE:OSK) to the underperforming Spartan Motors (NASDAQ:SPAR), but I was hoping for better performance as the company's sales improved. By the same token, this company is totally ignored by the sell-side and isn't very liquid, so it is the type of stock where investors need to have patience in the long-term story.

Looking to the rest of 2014, I continue to like Miller as a play on recovering...

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