PLOW - Miller Industries Can Keep Pulling Itself Higher As Conditions Stabilize
2024-05-06 16:39:05 ET
Summary
- Miller Industries, Inc. has seen a significant increase in share price, outperforming the S&P 500.
- The company has experienced growth in revenue, profits, and cash flows, driven by supply chain improvements and strong customer demand.
- Management is expected to announce financial results for Q1 2024 on May 8th, and investors should anticipate further increases in revenue, profits, and cash flows.
One of the best performing companies, from a share price appreciation perspective, over the past year or so has been Miller Industries, Inc. ( MLR ). For those not familiar with the company, it focuses on the production and sale of towing and recovery equipment. Since I last reiterated my "Buy" rating on the stock in early February 2023, shares are up 94.4% compared to the 24.2% rise seen by the S&P 500. Even better, since I first rated the company a "Buy" in March 2022, the stock is up 104.3%. That dwarfs the 14.3% increase seen by the broader market over the same window of time....
Miller Industries Can Keep Pulling Itself Higher As Conditions Stabilize