Miller Industries Looks Poised For An Upward Movement

DzD Analysis
102 Followers

Summary

  • Healthy demand has led to increased backlog levels.
  • Improvements in supply chain constraints and price hikes should benefit both revenues and margins in 2023.
  • The stock is currently undervalued.

Tow truck carrying improperly parked car or repossesed vehicle.

m-gucci

Miller Industries (NYSE:MLR) is a leading manufacturer of towing and recovery equipment with ten separate brands under its wing. The company is renowned for its diverse range of top-notch products, including wreckers, car carriers, and trailer bodies. In fact, MLR's unwavering commitment to quality

This article was written by

102 Followers
I'm a mechanical engineering graduate turned equity research analyst, specializing in companies in the industrial sector. With my technical background and experience in financial analysis, I offer a unique perspective on investment opportunities in this space. My passion for the stock market has led me to pursue the CFA designation, and I am committed to continuing my education and staying up-to-date on the latest trends and developments in the industry. Do follow me to support my work.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within 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.

Recommended For You

About MLR Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on MLR

Related Stocks

SymbolLast Price% Chg
MLR
--