Latest news with #WilliamMiller
Yahoo
2 days ago
- Business
- Yahoo
Miller Industries, Inc. (MLR): A Bull Case Theory
We came across a bullish thesis on Miller Industries, Inc. (MLR) on Flyover Stocks' Substack. In this article, we will summarize the bulls' thesis on MLR. Miller Industries, Inc. (MLR)'s share was trading at $44.34 as of 23rd March. MLR's trailing P/E was 9.45 according to Yahoo Finance. nitinut380 / Miller Industries, headquartered in the small town of Ooltewah, Tennessee, is the world's largest manufacturer of towing and recovery equipment, serving a critical but often overlooked niche. Founded in 1990 by William Miller, the company aggressively consolidated the fragmented towing equipment market by acquiring major brands like Holmes, Century, and Vulcan International during a depressed market, streamlining operations and boosting efficiency. Since going public in 1994, Miller has grown steadily with revenue, EBITDA, and net income increasing at annual rates of 8.2%, 11.4%, and 13.3%, respectively. Despite low analyst coverage and operating in an unglamorous industry, the company maintains a clean balance sheet and has recently increased focus on returning value to shareholders through dividends and buybacks. Miller's specialized heavy-duty equipment is essential for roadside recovery, disaster response, and off-highway equipment transport, making it a key player in an essential infrastructure sector. Current challenges for Miller include navigating California's stringent Advanced Clean Technology (ACT) regulations, managing inventory cycles, and dealing with supply chain and tariff complexities. These regulatory and operational factors will influence near-term performance, but Miller's entrenched market leadership, ongoing consolidation strategy, and focus on shareholder returns position it well for sustainable growth. The company's niche expertise and steady expansion in a stable industry offer investors a classic 'Flyover Stock' profile: solid fundamentals, modest but consistent growth, and limited market hype, making Miller Industries a compelling candidate for those seeking long-term exposure to a resilient industrial equipment manufacturer with attractive valuation and clear growth prospects. Miller Industries, Inc. (MLR) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 14 hedge fund portfolios held MLR at the end of the fourth quarter which was 15 in the previous quarter. While we acknowledge the risk and potential of MLR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MLR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Miller Industries, Inc. (MLR): A Bull Case Theory
We came across a bullish thesis on Miller Industries, Inc. (MLR) on Flyover Stocks' Substack. In this article, we will summarize the bulls' thesis on MLR. Miller Industries, Inc. (MLR)'s share was trading at $44.34 as of 23rd March. MLR's trailing P/E was 9.45 according to Yahoo Finance. nitinut380 / Miller Industries, headquartered in the small town of Ooltewah, Tennessee, is the world's largest manufacturer of towing and recovery equipment, serving a critical but often overlooked niche. Founded in 1990 by William Miller, the company aggressively consolidated the fragmented towing equipment market by acquiring major brands like Holmes, Century, and Vulcan International during a depressed market, streamlining operations and boosting efficiency. Since going public in 1994, Miller has grown steadily with revenue, EBITDA, and net income increasing at annual rates of 8.2%, 11.4%, and 13.3%, respectively. Despite low analyst coverage and operating in an unglamorous industry, the company maintains a clean balance sheet and has recently increased focus on returning value to shareholders through dividends and buybacks. Miller's specialized heavy-duty equipment is essential for roadside recovery, disaster response, and off-highway equipment transport, making it a key player in an essential infrastructure sector. Current challenges for Miller include navigating California's stringent Advanced Clean Technology (ACT) regulations, managing inventory cycles, and dealing with supply chain and tariff complexities. These regulatory and operational factors will influence near-term performance, but Miller's entrenched market leadership, ongoing consolidation strategy, and focus on shareholder returns position it well for sustainable growth. The company's niche expertise and steady expansion in a stable industry offer investors a classic 'Flyover Stock' profile: solid fundamentals, modest but consistent growth, and limited market hype, making Miller Industries a compelling candidate for those seeking long-term exposure to a resilient industrial equipment manufacturer with attractive valuation and clear growth prospects. Miller Industries, Inc. (MLR) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 14 hedge fund portfolios held MLR at the end of the fourth quarter which was 15 in the previous quarter. While we acknowledge the risk and potential of MLR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MLR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
New York Post
15-05-2025
- Health
- New York Post
BK musicians hire private lab to test for toxic Gowanus Canal vapors after landlord gives silent treatment: ‘This could kill me'
These Brooklyn musicians are playing to deaf ears. Tenants at a band rehearsal space near Brooklyn's toxic Gowanus Canal are taking matters into their own hands and pooling funds to hire a private company to test for cancer-causing vapors inside the building after the landlord refused to let state inspectors inside. Advertisement The space — which has been the rehearsal home over the years to the likes of TV On the Radio, Coheed and Cambria and The Blue Man Group — sits just blocks away from sites that have tested positive for high levels of cancer-causing trichloroethylene (TCE). But the management company that operates the facility says that landlord Anthony Borruso hasn't been 'amenable' to requests for free testing being offered by the state 5 Band Spaces NYC, which manages the space at 255-261 Douglass St., claims landlord Anthony Borruso hasn't been 'amenable' to requests for free testing from New York State. William Miller Advertisement 'I can't give any comment on that,' Anthony Borruso, who owns the property at at 255-261 Douglass St., told The Post when asked if he has refused to test or would be testing the site in the future. Some of the building's roughly 75 tenants have since launched a GoFundMe campaign to pool more than a thousand dollars needed to run third-party tests. Nearby sites such as the Royal Palms shuffleboard club on Union Street have been found to have cancer-causing vapors roughly 22 times the amount considered safe. Another building, which the state has not publicly identified, had levels of TCE 450 times above acceptable levels. 5 Nearby sites such as the Royal Palms shuffleboard club have been found to have cancer-causing vapors roughly 22 times the amount considered safe. Paul Martinka Advertisement While the musicians' fundraiser only amassed $820 of its $1,333 goal, the tenants moved forward with testing conducted by Exclusive Testing Labs and are now waiting on results. 'I'm thinking about moving out … but it's tough for a musician to find a new space,' said one tenant, who declined to provide his name to The Post out of retaliation fears. The musician told The Post that tenants put up flyers in the building to notify others of the fundraiser, but someone 'tore them all down almost immediately.' 'Getting cancer or some other lung disease, that would be my big concern,' he said. 'The long term health impact could injure me. This could kill me, even.' Advertisement 5 'I'm thinking about moving out … but it's tough for a musician to find a new space,' said one tenant. William Miller While private lab testing isn't enough to qualify for free state-funded cleanup, the musician said that, if the private lab returns 'bad results,' then the group plans to sue the landlord. The state is urging landlords around the canal site to test – but as of last fall, only 20% of landlords granted access for testing, records show, and building owners have the right to refuse testing from the Department of Environmental Conservation. 'While tenants can provide DEC access for their specific living space, DEC requires owner permission to complete a full [soil vapor intrusion] evaluation for a building,' a state rep said. 5 While private lab testing isn't enough for the building to receive free state-funded cleanup, the musician said that if 'bad results' are returned, then the group plans to sue the landlord. Helayne Seidman 'I find it unethical and, quite frankly, immoral … that landlords won't have much incentive to get this testing,' the tenant musician added. The debacle calls to mind a similar battle waging in North Brooklyn at the Meeker Avenue Plume – where the EPA has similarly only gained access to about 20% of properties in the 45-block testing zone to test for chemicals like TCE. 'If tenants are having difficulty in this regard, I encourage them to reach out to my office for support with getting landlords to comply,' Council Member Shahana Hanif, who represents Gowanus, said in a statement, adding 'tenants should not be forced to pay for this critical service out of pocket.' Advertisement 5 'I find it unethical and, quite frankly, immoral … that landlords won't have much incentive to get this testing,' the tenant musician added. Paul Martinka A representative from Exclusive Testing Labs told The Post it has privately tested about 15 to 20 commercial and residential properties — at the request of both landlords and tenants — near the canal within the past year. Reasons why landlords can refuse a test run the gamut, the rep explained, from older landlords unaware of environmental dangers to those who 'don't feel as though air quality is as big of an issue as it actually is.' Advertisement A rep for Band Spaces NYC named John told The Post it will continue its pursuit to get the landlord's permission. 'We've spoken [to Borruso] at length about the issue several times and I have made clear that the Band Spaces renters are anxious to have the testing done,' he said, 'so I believe they may eventually relent and allow the testing to proceed.'
New York Post
05-05-2025
- Science
- New York Post
Manhattanhenge returns to NYC this month – here's how to see the spectacular sky show
Manhattanhenge is making its heavenly return to the Big Apple at the end of the month. The annual phenomenon — when New Yorkers watch in awe as the setting sun aligns perfectly with the city grid — is back for two evenings in May and two more in July. 'You can't miss it if you're outside at sunset,' said Dr. Jackie Faherty, an astronomer at the American Museum of Natural History in Manhattan, to The Post on Monday. 'It's really what I like to call astronomy in your face: The sun is beaming down the grid of Manhattan, and it's a reminder that we're on this rock that's moving around. 'It's an astronomy lesson that's also a gorgeous sunset picture in the greatest city in the world,' Faherty said. 4 The best nights for the annual phenomenon will be at the end of this month and again in July. William Miller What is Manhattanhenge? The golden crosstown views happen each year before and after the summer solstice, when the sun sets just north — and later, south — enough to align with Manhattan's grid. While the sun will meander between crosstown streets from May 28 and July 12 in what Faherty calls the 'Manhattanhenge Effect,' the sun won't perfectly align with the grid save for four sunsets this year. 4 Observers standing on the Pershing Square Bridge on Park Avenue watch the setting sun align perfectly with 42nd Street during Manhattanhenge a few years back. Getty Images What are the Manhattanhenge 2025 dates? A 'half sun' framed by city buildings – and partly cut off at the horizon in a picture-perfect view – will be visible Wednesday, May 28, at 8:13 p.m. and Saturday, July 12, at 8:22 p.m., Faherty said. A 'full sun' will be visible Thursday, May 29, at 8:12 p.m. and Friday, July 11, at 8:20 p.m. Faherty recommends arriving between 30 and 40 minutes beforehand at your desired location to ensure a good spot and a full show. 'You'll be able to just watch for a while, because the light starts to change and the sun makes a grand entrance, she said. 'It's got an anticipation factor.' 4 Manhattanhenge fans crowd 42nd street and Second Avenue in Manhattan. William Miller Best Manhattanhenge viewing spots The best views in Manhattan will be along 14th Street, 23rd Street, 34th Street, 42nd Street, 57th Street and the Tudor City Overpass, Faherty said. Hunter's Point South Park in Long Island City, Queens, and Gantry State Park are other optimal viewing locations — as well as anywhere in the outer boroughs so long as you can see all the way to New Jersey. Since 42nd Street in Midtown is known as the 'mecca' for Manhattanhenge viewing, the crowds can build quickly, the astronomer said. 'The whole street can get shut down with people just taking it over,' Faherty said. 'You have to be in the middle of the street to see the phenomenon, and there's this other pesky thing in the middle of the street, which is cars – you have to get away from the cars.' 4 The sun rises over 42nd Street during a 'reverse Manhattanhenge' in November 2024. Getty Images How unique is a 'henge' to a city? Midtown Manhattan may not just be the best spot to view a 'henge' in the city but perhaps the world — as New York City's unique grid allows for ideally framed, famously unobstructed views of the sun, Faherty said. 'There might be a street or two or three streets [in other cities] that you can recommend' for henge viewing, 'but we have the whole grid: as long as you can see towards New Jersey, you can catch Manhattanhenge,' she said. Aside from stellar sunset views, New Yorkers will have plenty of other astronomical sights on deck this season, too — in the form of meteor showers. The Eta Aquariids sky show will be peaking May 5 and 6, the Eta Lyrids on May 8 and the Perseids in August, the latter of which will be 'the one to look forward to,' Faherty said. But the experts contends the 'star' of the show is still Manhattanhenge – which the museum will be paying tribute to at a public viewing event in July. 'Manhattanhenge really brings the city together,' she said. 'It's a very unifying event.'
