Our senior staff will have an opportunity to work directly with Rudy R. Miller, founder of TMG, to jointly execute a plan to add private sector clients to our current impressive list of government agencies.
will assist us in developing joint venture opportunities with potential private company partners."
Rudy R. Miller, Chairman, President and Chief Executive Officer of TMG, said, "Our firm is pleased to have been selected by VPSI for this assignment and we are excited to bring our firm's knowledge and experience to the company.
Rudy Miller, CEO of The Miller Group, Has Made a Positive Impact on Our Company with His Strategic Advice
"In my role as Chairman of ServRx and related entities, I have had the opportunity to work directly with The Miller Group's CEO, Rudy Miller, since 2014.
The Board retained his
firm as strategic business advisor in part because Rudy
has a proven track record in working with high-growth middle market entrepreneurial companies.
truly appreciates the opportunities and challenges facing expanding businesses.
business experience as an entrepreneur, public company CEO, and board member of a number of public companies has been a huge benefit in helping our company and its aggressive operating management team work through numerous business complexities.
played a critical role assisting us with our bank credit facility as well as locating a full time CFO for the company.
is a direct-results oriented advisor that comprehends the difficult decisions that need to be made by the board.
legal, accounting-finance and operational experience is a tremendous asset to our company and our management team as we continue to grow ServRx
team have earned our board's respect and we have re-engaged his
firm for the next two years to continue to assist the company in meeting its growth plan."
Rudy Miller of The Miller Group Discusses Oil Prices, the U.S. and China Stock Markets with Sequence Media Financial Network
The financial markets entered 2016 in a tumultuous state.
January 15th was an especially painful day that saw plummeting stocks and the fall of oil prices to below $30 per barrel.
Additional concern has been raised by the Chinese stock market's struggle.
The Miller Group's CEO, Rudy Miller, a frequent guest on Sequence Media Financial Network and Legal Broadcast Network, discusses the current situation and shares his thoughts about what he expects this year.
suggests that there are companies with strong balance sheets, good equity-to-debt ratio, strong cash positions and solid projected cash flow for 2016.
Furthermore, there are sound moves to be made in specific equities.
For example, while biotech companies have taken a beating, airline companies are doing extremely well.
affirms, "They've got the biggest cash flow they've had in history."
also explains that with an upcoming three-day weekend, a number of investors want liquidity rather than positions.
Miller mentions several financial institutions, in particular JP Morgan, as exemplifying what one would want to see in a bank's performance.
is also benefiting from the recent rate increase.
As well, banks are cutting costs and increasing the use of technology, resulting in better bottom lines.
The overall industry, Miller
suggests, is in good shape compared to where it was during the 2008 market crash.
However, banks that have a high percentage of energy loans in their portfolios will experience some challenges.
In considering the international picture, Miller
predicts that China will continue to have a slower growth rate, perhaps in the 4-6% range.
Political events, both at home
and abroad, will cause stock market reactions.
As to the energy field, Miller
suggests that conditions will trend up over the next year or two.
Smaller oil companies with balance sheet issues will either end up as part of bigger companies or go bankrupt.
In summary, Miller
does not anticipate a recession in the U.S.
expects job growth to continue to be steady.
The overall U.S. economy will be solid and stronger than any other economy in the world.
does not expect the Fed to increases rates until May, and notes that Wall Street
has projected four rate increases going into 2016.
offers the possibility that there will be three rate increases at a very measured rate until the economy approaches a 2% rate of inflation.
Rudy R. Miller, CEO of The Miller Group and Miller Capital Corporation in Scottsdale, AZ, weighed in shortly after the report with his thoughts on the numbers showing that non-farm payrolls rose to a seasonally adjusted 271,000 in October according to the US Labor Department.
Miller, who is a regular commentator on the SMG Financial Network, discussed the issue of the long awaited rate hike, which he believes the Fed should have acted upon in September.
also critiqued China's market crash during the late summer and the current improvement of the Chinese stock exchange.
discusses in this video the outlook over the short-term based on macro trends as well as an overall glimpse at the US economy as it heads to year end and into a vital election year cycle.
Mr. Miller, Chairman, President and CEO of the affiliated group of Miller entities, originated the scholarship in 2008 to express his and his firm's support of Arizona State University, in particular the W. P. Carey School of Business, and to encourage and recognize academic excellence by outstanding students.
Rudy R. Miller
commented, "Our firm had a difficult time selecting our scholarship recipient this year due to the exceptional quality of applicants.
We decided to select two outstanding students as co-recipients for our 2015 award.
These two applicants stood out to me not only for their academic achievements, but also for their efforts outside of the university.
We are honored to assist both recipients financially and with future individual mentoring and guidance by me."
Thomas Bates, Department of Finance Chair and Associate Professor of the ASU W.P. Carey School of Business, said, "In selecting David and Stephen as this year's recipients of the Rudy R. Miller Business - Finance Scholarship, Rudy and his team have recognized two of the most deserving students currently enrolled in W. P. Carey School of Business.
I want to thank Rudy Miller
for his continued recognition and financial support of academically accomplished student leaders like David and Stephen."
The Miller Group's CEO, Rudy R. Miller, returns to LBN for an update on economic developments and an explanation of what he sees for the months ahead in this report.
says that several things occurred on the 28th to cause the drop in prices, including things that had started last week.
says that, while he
essentially agrees with Icahn's facts, he
does not believe that we are in "that bubble environment.
As for real estate sales, Miller
still thinks the country is in a good position, although there was some discouraging news from the National Association of Realtors index
Pending home sales decreased by 1.4% in August.
The Dallas Fed numbers remained negative for the ninth consecutive month.
Much of that weakness is in the oil sector.
says that his
firm's clients are reporting encouraging job figures.
One client reports an increase in job slots that can't be filled.
firm is seeing that employment opportunities are improving and wages are increasing, a good sign.
As to China and its economic woes, Miller
does not expect China to see better days until 2017.
also says that, in his
opinion, China does not affect our stock market as much as people may think.
China is not a big buyer of our products and services (.06% of sales are to China).
Added to all of these things was the political drama in the House of Representatives
, with John Boehner resigning as Speaker of the House.
opines that Boehner will work with his
fellow Republicans and with Democrats to assure that the government is not shut down this year.
There was also a U.N. meeting on the 28th that included Putin's announcement of a more formalized Russian arrangement with Iran and Iraq.
There is also the relationship between Syria and Russia.
Added to all of the above, says Miller
, were problems in the bond market where major pricing deals couldn't be concluded.
Put all of it together and you have the stock market on the 28th.
believes that the Federal Reserve
has some responsibility for what happened.
In Miller's August report on LBN, he
noted that the S&P Index was down 10% over the last sixty days.
says the Fed "made a huge mistake" by not increasing interest rates in September, as had been expected by many observers.
now believes that th