Miller Industries, Inc. (NYSE:MLR)

I think $15 represents good value. The company is an industry leader with solid management. EPS estimates for FY 2013 are $0.84 and $1.40 - I'm guessing that earnings end up on the lower end of that range. But the company has about $4 in cash per share, which easily supports the 3.5% yield. If the company has another year like 2011, this quickly becomes a $30 stock.

Good value metrics. Price/Book 1.23, PE 8.7, DE 0. Expects reduced government sales. Div 3%.

Small cheap and under-followed.

Well managed company with a good should rise with the auto industry in the next few years.

Solid company with essential product.

BlueSkies

Must agree with kristm, "boring, slow growth, meat and potatoes". Solid company: I'm sure it will roll with the punches. We need them, they need us.

This company is bound to go up if their earnings stay in line with estimates.

none

Just a hunch

This company is midsized in a industry slowed by energy and manufacturing costs. However, earnings are still in positive growth for this company, and should continue as the economy begins to crawl out of the recession over the next five years.

Testing out a portfolio of smallish-cap 5-star stocks found using the CAPS screener. All picks have at least 50 allstars backing them, which should be enough to minimize star rating fluctuations. It's been less than a week, but so far so good!

Contrarian pick for growth and low debt. Not a stellar performer but it has good growth potential and the PPS has irrationally languished. No debt, solid but not unrealistic growth. Low PE

Company has had solid results for years. A very low P/E, good cash position, steadily increasing sales. A defiinite go.

This is what I'd consider a "meat and potatoes" type stock. It's not a tech stock, not a Chinese stock, not a biotech concern. Just plain folks. A boring, slow-growth business making something that nobody thinks about until they need it - but eventually we all need it!

Stock is approaching its 52-week low, with a P/E below 7. Has taken a hit on slower earnings for the last quarter but that's a temporary setback, the company is still strong and worth more than what it's selling for right now.

Has a strong business, with holdings overseas. Based in Chattanooga, TN, where tow trucks were invented. Main competitor is Jerr-Dan, a division of Osh Kosh (OSK). I'm marked outperform on it, too.

Disclaimer: I'm also picking this one to support some local businesses. This is the best Chattanooga area stock I've found so far.

I live a mile from their Ooltewah, TN, plant. It faces I-75, right on my way to work, so I drive past it several times a week. I watch their inventory yards, both incoming and outgoing, and both have been "full" for over a year. Ooltewah is a small town and does not suffer rush-hour gridlock, but I can monitor the traffic as their dayshift lets out and all the cars get backed up at the traffic light. That has remained constant for about two years.

The numbers on this company are STELLAR and since this stock is down 30%... well it looks like a good time to buy
p/e ratio: 10.6
price/book: 2.49
debt/equity: .09
'nuff said

Miller Industries manufactures vehicle towing and recovery equipment primarily in the United States. It offers a range of wrecker, car carrier, and trailer bodies. Its wreckers range from the conventional tow truck to large recovery vehicles of 8 to 70 tons capability that are used to recover and tow disabled vehicles and other equipment. Car carriers transport new or disabled vehicles and other equipment whereas the trailers are used for moving multiple vehicles for auto auctions, car dealerships, leasing companies, and other applications.

The success of the towing and recovery equipment industry depends primarily on the usage of vehicles. As per the Bureau of Economic Analysis, total vehicle usage and new vehicle registration in US has gone up annually by over 1% in the past decade. This goes well for Miller Industries as it generates over 81% of its revenue from North American operations. The fiscal performance of the company for the nine months ended September 2006 has been good with about 13% rise in the top line. Looking ahead, management has a received a contract to manufacture over 130 small wreckers for the New York government and approximately 300 trailers for Datapath which could aid the top line growth of the company.

On the operational front, company has been able to improve its gross margins significantly despite rising cost of aluminum and copper, which are the key raw materials of the company. After huge hike in the past few years, copper prices are likely to go down in 2007 as construction activity is slowing down in US, which is reducing demand for copper. Also, aluminum prices are also expected to take a plunge since global production levels are expected to exceed the consumption by 1.1%. Stabilization of energy prices is another sweetener for the company as the transportation costs get reduced. In the light of these factors, Miller Industries looks set to have a bull ride ahead.

5-star $254 million market cap on 11/24/06.
Tow trucks and car carriers in all sizes.
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