Tuesday, October 28, 2014 12:16:17 PM
(1) Small Cap - Market cap is only a little over $200M.
(2) Low Debt - No long term debt, 1.94 quick ratio, 40.16 X interest coverage.
(3) Sustainable Products - I don't see why a need for wrecking and towing equipment should dry up and blow away, or why a competitor is likely to come up with dramatically improved versions.
(4) Little Government Influence - MLR sells some product to governments, but I don't believe the industry is especially over-regulated or a political target relative to other industries.
(5) Low or Reasonable PE and PEG - 18.45 PE end of trading yesterday (although stock is up significantly today, 15.7% YOY revenue growth and 16.8% YOY net income growth last reported Q (2nd Q 2014). So PE and PEG both reasonable, but somewhat higher than I like.
(6) Decent & Growing Dividends - 3.43% this morning before stock's rise. Dividend last raised by 7.1% in March 2014. I'd consider a repeat likely in March 2015, so I would be happy with both the current dividend and prospects for an increase.
(7) Positive Recent Information - In most recent quarterly report (8-6-14) management talks about a challenging, but improving economic environment, increased order flow and backlog, and actively bidding on attractive global projects.
The company reports again very soon. Like possibly next week. The chart looks positive as today the stock is breaking higher after failing to set a new low versus early Oct. However, the price is still under the 200 day moving average.
Recent MLR News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/08/2024 08:33:00 PM
- MILLER INDUSTRIES REPORTS 2024 FIRST QUARTER RESULTS • PR Newswire (US) • 05/08/2024 08:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 08:26:15 PM
- MILLER INDUSTRIES TO ANNOUNCE FIRST QUARTER 2024 RESULTS ON WEDNESDAY MAY 8, 2024 • PR Newswire (US) • 05/01/2024 08:30:00 PM
- MILLER INDUSTRIES BOARD AUTHORIZES NEW SHARE REPURCHASE PROGRAM • PR Newswire (US) • 04/02/2024 12:30:00 PM
- MILLER INDUSTRIES ISSUES STATEMENT IN RESPONSE TO SHAREHOLDER LETTER • PR Newswire (US) • 03/21/2024 05:14:00 PM
- Advisory Research Sends Letter to Miller Industries’ Board of Directors Regarding Opportunities to Enhance Shareholder Value • Business Wire • 03/21/2024 01:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:33:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:32:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:31:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:29:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:28:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:27:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:25:57 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 09:56:45 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 03/06/2024 09:55:34 PM
- MILLER INDUSTRIES REPORTS 2023 FOURTH QUARTER AND FULL YEAR RESULTS • PR Newswire (US) • 03/06/2024 09:43:00 PM
- MILLER INDUSTRIES BOARD INCREASES DIVIDEND • PR Newswire (US) • 03/06/2024 09:42:00 PM
- MILLER INDUSTRIES TO ANNOUNCE FOURTH QUARTER AND FULL YEAR 2023 RESULTS ON WEDNESDAY MARCH 6, 2024 • PR Newswire (US) • 02/28/2024 09:30:00 PM
- MILLER INDUSTRIES ANNOUNCES DATE OF THE ANNUAL MEETING OF SHAREHOLDERS • PR Newswire (US) • 02/26/2024 02:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/06/2024 10:06:27 PM
- MILLER INDUSTRIES REPORTS PRELIMINARY FOURTH QUARTER AND FULL YEAR 2023 RESULTS • PR Newswire (US) • 02/06/2024 09:30:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/26/2024 09:23:47 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/30/2023 09:30:42 PM
- Miller Industries to Host 1x1 Meetings with Investors at the Southwest IDEAS Investor Conference • PR Newswire (US) • 11/14/2023 06:48:00 PM
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