Miller Industries Inc V.MLR

Primary Symbol: MLR

Consumer Cyclical Auto Parts

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 > Hello?

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Comment by westcoast1000on Oct 23, 2018 1:28pm

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Post# 28857689

RE:Hello?

jaube,

Thanks for your post. Keep them coming!

I first got into the stock some years back, when I discovered the crater in which the mine is located is from an asteriod and the material to be mined is unusual in quality and content.

The value of the facility is over $100 mil. The construction for reopening is complete and the commissioning of the revamped facility is underway. I do not know what the monthly profits will be, but they will be substantial.

The move to the Aus exchange should help the share price. They are now linked to another mine in the same region.

I would think the share price is going up fast once production and sales occur, starting within weeks for the initial output, and shipping product by about the new year.

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