For a long time, academics and investors were convinced that small stocks outperform large ones.
The theory was that small stocks, because they carry greater uncertainty, sell at a discount to large ones. Investors in the small fry are rewarded for taking extra risk.
Proving the theory was difficult. Many early studies suffered from survivorship bias. They failed to include some small stocks that ultimately went bankrupt.
One way to look at the issue is to compare the return on the Standard & Poor’s 500 Index (which contains 500 large stocks) with the return on the Russell 2000 Index (made up of 2,000 smaller stocks).
4 Undiscovered Small-Stock Gems
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Miller Industries Donates To The International Towing & Recovery Museum And Hall Of Fame
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Summary:
Dean Petrone, SVP & General Manager, Industry 4.0 at Infor, explains how IoT connectivity and data-driven insights can help manufacturers anticipate, automate and innovate post-COVID-19.
(Image by PIRO4D from Pixabay )
As manufacturers transition into the post-pandemic New Normal, many are turning to smart technologies to help them up-level capabilities, recover lost ground, and remain competitive in a world that accelerated technology adoption out of necessity. As manufacturers made leaps in innovation and collaboration to meet emergency demands, they raised the bar for standard practices. Now, the use of smart sensors, condition-based monitoring, and Internet of Things (IoT) are no longer nice to have abilities but are cost-to-play fundamentals.
Miller Industries Reports 2020 Fourth Quarter And Full Year Results
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CHATTANOOGA, Tenn., March 3, 2021 /PRNewswire/ Miller Industries, Inc. (NYSE: MLR) (the Company ) today announced financial results for the fourth quarter and full year ended December 31, 2020.
For the fourth quarter of 2020, net sales were $178.3 million, a decrease of 12.2%, compared to $203.1 million for the fourth quarter of 2019. Net income in the fourth quarter of 2020 was $12.0 million, or $1.05 per share, an increase of 2.8%, compared to net income of $11.7 million, or $1.03 per share, in the prior year period.
Gross profit for the fourth quarter of 2020 was $24.3 million, or 13.6% of net sales, compared to $26.9 million, or 13.3% of net sales, for the fourth quarter of 2019. Selling, general and administrative expenses were $9.4 million, or 5.3% of net sales, compared to $11.8 million, or 5.8% of net sales, in the prior year period.