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Miller Industries: A Move Above $34.50 Confirms The Bottom

Jan. 04, 2022 7:19 AM ETMiller Industries, Inc. (MLR) Stock2 Comments
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  • Although net earnings were well down in Q3, we believe the market is pricing in improved numbers here going forward.
  • The dividend remains well covered, and the balance sheet looks in excellent shape.
  • Given how the firm has executed in the past and deployed its new products, we would be backing Miller Industries here.
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Coche cargado en un camión de recuperación para el transporte

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We wrote about Miller Industries (NYSE:MLR) in August of last year when we stated that the company was close to an intermediate bottom. The reasons behind our bullishness were improving earnings, sound decision-making by


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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in MLR over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (2)

farmed out profile picture
Patiently waiting on MLR to work through supply chain issues.
Steven Miller profile picture
@farmed out
Me too. Maybe not as patiently, though.
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