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Titan Machinery, Inc. Message Board

equitiesresearchdotcom 2 posts  |  Last Activity: Mar 26, 2014 2:34 PM Member since: Aug 24, 2012
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  • Reply to

    A Perfect Short

    by equitiesresearchdotcom Mar 20, 2014 4:15 PM
    equitiesresearchdotcom equitiesresearchdotcom Mar 26, 2014 2:34 PM Flag

    the fool points to CNH relationship with TITN.
    CNH added revenue by selling Equipment to Titan. Titan bought the inventory on debt (floorplan debt to CNH) only to store the inventory on TITN's property. Titan is stuck with inventory and interest payments (to CNH) on inventory that is just sitting there.
    Why did titan stock up on inventory when its not selling what it already had? Was it because CNH needed to create sales? $1 billion in inventory is a lot of equipment to have laying around. Competing with manufacturers Deere, AGCO, CAT and CNH is going to make it hard to get rid of this equipment.

    lowering their eps estimates from $2.25 to $0.55-$0.75 for the year has still not been reflected in TITN's current stock price. At $16 shares are trading near a PE 30 (while earnings will decline well over 50% year over year

  • equitiesresearchdotcom by equitiesresearchdotcom Mar 20, 2014 4:15 PM Flag

    Its unfortunate but TItan will not be able to generate enough cash flow to service all the debt that they have piled up.

    Sentiment: Strong Sell

18.18+0.04(+0.22%)12:48 PMEDT

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