Is Miller Industries A Buy Yet?

Steven Miller
1.14K Followers

Summary

  • Miller Industries has strong demand for its products.
  • The company is also beset with supply chain problems.
  • The stock price has been almost cut in half. Is it time to buy yet?

Truck breakdown and towing in Seattle Washington USA

Siegfried Schnepf/iStock via Getty Images

One of the appeals of Miller Industries (NYSE:MLR) is that it is one of the easiest companies in the world to understand. The company builds tow trucks, vehicles that are called “wreckers” in my home state. The company

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1.14K Followers
The companies I usually invest in are growing companies with exceptionally strong balance sheets showing little or no debt. They also pay dividends. Such companies are often small caps, but I have invested in all sizes of companies. These companies almost always come at a premium, but I like to buy them at a reasonable price. I invest in both domestic and international stocks across a variety of sectors.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of MLR either through stock ownership, options, or other derivatives. 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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