Sometimes good opportunities literally drive past you on the highway and you take no notice of them. Take the case of tow trucks. If you drive, you probably see a few every week if not every day. But do you ever stop to think about who makes them, or whether there's any money to be made there in a stock portfolio? Investors who can live with the volatility and risk that goes with small-cap stocks should definitely take a look at Miller Industries (NYSE:MLR) - an industry leader that almost nobody seems to know about. (For more, see Earning Forecasts: A Primer.)
A Simple Business, Handled Well
Miller Industries is the largest manufacturer of tow truck and vehicle recovery equipment, and the owner of well-known (within the industry, at least) brands like Century and Vulcan. Importantly, Miller does not actually manufacture the underlying trucks. Miller's bodies and equipment are mounted on third-party truck chassis like those made by Navistar International (NYSE:NAV), PACCAR (Nasdaq:PCAR), Daimler (OTCBB:DDAIF.PK) and Volvo (OTCBB:VOLVY.PK) and then sold to customers in the vehicle recovery basis.
Read the full piece here:
http://stocks.investopedia.com/stock-analysis/2012/Miller-Industries--A-Great-Little-Company-That-Nobody-Knows-MLR-NAV-PCAR-OSK0112.aspx
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