Miller Industries Inc V.MLR

Primary Symbol: MLR

Industrials

Miller Industries, Inc. is a manufacturer of towing and recovery equipment. The Company designs and manufactures bodies of car carriers and wreckers, which are installed on chassis manufactured by third parties, and sold to its customers. Its products are marketed and sold through a network of distributors that serve all 50 states, Canada, Mexico, and other foreign markets, and through prime contractors to governmental entities. In addition to selling its products, its independent distributors provide end-users with parts and service. Its product line includes car carriers, wreckers, and transport trailers. Car carriers are specialized flat-bed vehicles with hydraulic tilt mechanisms that enable a towing operator to drive or winch a vehicle onto the bed for transport. Its multi-vehicle transport trailers are specialized auto transport trailers with upper and lower decks and hydraulic ramps for loading vehicles. Its brands include Century, Vulcan, Chevron, Holmes, and Challenger.

NYSE:MLR - Post by User

Miller Industries Inc

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Comment by daydream1on Oct 13, 2011 8:00am

179 Views

Post# 19144665

RE: RE: GREG RADKE RESIGNS FROM ORACLE

This is a complete mess. MLR has been sitting on its money for half a year trying to come up with a deal with OMN. Now what? They got tire of OMN, and exit with a ~$2 millions lost to move to the next flavour of the month. Or was this sale just a mean to cross devaluated OMN shares to a third party, but at the expence of MLR?

Plus, MLR has of yet produce a financial report. How would you know they now hold $35 millions in cash? The last quarterly was for the period ending on May 31, 2011. What happen with MLR's money since then, beside losing ~$2 millions.

I tried to contact MLR to no end. I am now seeking other recourse against MLR in order to get answers.

Goodluck
D.

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