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Titan International, Inc. (TWI)

NYSE - NYSE Delayed Price. Currency in USD
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8.27+0.07 (+0.85%)
At close: 4:00PM EST
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  • G
    Gordy
    WHY ARE MY POSTS WERE DELETED
    To my dear posters & colleagues at TWI: I want to say goodbye in a polite way but not without trying to express my opinion to this website for continuously deleting my posts if I refer to C H I N A in an unfair business deal or the leaders here who have ties to that Country. I will try & avoid the keywords that have become a nightmare worse than being in Russia or Saudi Arabia. This is simply unfair on a financial page that is benign from politics.
    A charged political atmosphere and political chaos is causing people to censor more than they might otherwise do. Censorship is not the way out of our current problems. Censors are trying to hide something themselves. They simply don’t want to see the other side. We’ve seen throughout history what censorship does and where it could lead. I don’t want to see America go in that direction. It’s increasingly looking like it from what I personally witness here. If we don’t talk and communicate with each other and bridge the gap between us, that gap will get wider. Before we know what’s happening, people are going to start falling into the abyss that we saw in the Eastern Block.
    If it were not for free speech, the tragedies of the past will not have been learned and we will move into a future of uncertainty. If censorship of our thoughts and opinions it’s going to be at the new normal.
    I wish you all success with TWI and I hope my forecasts & predictions about TWI come true soon. It is a good company and has the best workers. I bid you all farewell.
  • k
    k
    Shares of major TWI customer John Deere are jumping 3.5% in pre-market this morning, after it reported big profit and revenue beats for Q1 2021 due to improving conditions in the farm and construction sectors.
    Net income for the quarter to Jan. 31 more than doubled to $1.22 billion, or $3.87 a share, from $517 million, or $1.63 a share, in the year-ago period......the consensus for earnings per share was $2.16.
    Revenue rose 19%, to $9.11 billion from $7.63 billion......the consensus was for a decline to $7.21 billion. Production and precision agriculture sales rose 22% to $3.07 billion.
    Small agriculture and turf sales grew 27% to $2.52 billion.
    Construction and forestry sales rose 21% to $2.47 billion.
    For fiscal 2021, Deere expects construction and forestry sales of $10.5 billion to $11.00 billion......above the consensus of $9.7 billion. Production and precision agriculture sales are expected to be $15.5 billion to $16.5 billion.
    Small agriculture and turf sales are seen at $10.5 billion to $11.5 billion, while total agriculture and turf sales are expected at $25.4 billion.
    Deere stock has rallied 17.5% over the past 3 months.
  • p
    paul
    I'm not sure what to expect out of Q4. U.S./Canada ag equipment sales are up 9%+ yoy for the fifth month in a row but I don't know what percentage of TWI sales are from this region.
    Half of their revenue is from ag equipment so that has to be good, but with steel hitting all time highs, oil rallying, and the cost of sales already 90% of revenue, I'm not sure they can pass that on as well as I'd like.

    What am I missing here guys?
    Neutral
  • k
    k
    Though maintaining a "Buy" rating, CFRA/S&P Global's latest quantitative stock report (Feb 12) has downgraded Titan's near-term and mid-term prospects. They note that "street sentiment" is negative. They've gone virtually neutral on TWI, the exception being a positive rating on "growth".
  • k
    k
    Gordy, last week or so you imagined a significant pullback. My gut is telling me that now.
    The overall market euphoria is winding down, and reality is setting in.
    Yesterday, the new guy said Americans will need to wear masks thru December 2022 (all NEXT year), meaning 2023 realistically will be the year we really begin to get back up to cruising altitude (2023-2026 period).
    I am imagining Titan falling back down to $6 something, short term, along with the broader market. The market sees, despite a new guy in the chair, little is changing at a time when much needs to change (what we rational people expected all along).
  • T
    Titan
    At least we got over the 7.50 hurdle.
  • g
    gman
    Someone or insider just bought 19k in afterhours at 7.90. This is on half of average volume and typically single digits in after hours trading. This may be a good time to take some profits but not all.
    Neutral
  • R
    Rob
    The new JCB pothole machine is fitted with LSW wheels. Unless I am mistaken, these are TItan wheels. I know that JCB buys tyres from Wheels India, but am unsure whether they include Titan as a supplier. Let's hope the Titan sales force have got their act together and made this sale. The new machine looks like a winner. It will more than likely be bought by most if not all UK local authorities. I will try to find out - unless someone else knows more than me?
  • k
    k
    Speaking of Q4 2020 earnings, the consensus estimate is a loss of $-0.22, more than double the $-0.10 loss in Q3.
    On the $-0.22 consensus estimate, the range among analysts is $-0.15 to $-0.32.

    With beginning-of-year order sales income realized, the consensus estimate for Q1/2021, still a loss, cuts back to $-0.06

    Q2/2021 is actually positive a nickel at $0.05, but Q3 is only a penny ($0.01) and Q4 merely breaks even ($0.00).
  • k
    k
    I still feel the American stock market is, at this juncture, ahead of itself. I'm onboard with Jim Rogers in this regard. Hence, I expect a pullback in most sectors, possibly not so much including special cases like energy.
  • k
    k
    Yesterday, Titan was pumped up $1.23, from $7.56 to $8.79

    Today, Titan was pumped down almost a dollar, from $8.00 to $7.17

    Blatant market manipulation by well-equipped speed traders.
  • k
    k
    Pumped up to $7.71 at the open for a micro-second, by those speed traders who bought back in yesterday at $7.15
    Must be nice to create an unlevel playing field and profit from it.
  • k
    k
    Correcting myself, the speed traders pushed Titan up to $8.00 (BoA says $7.9035) for a second at 9:30, and then pushed it down for a second to $7.36 at $9:31. Look at the expanded chart here on Yahoo Finance.
    They move faster than Yahoo's data can keep up!
  • k
    k
    I'm expecting another "double drop" event like we experienced over the January 20-27 period, notably just a very short time ago, where Titan mucked about between $6.27 and $6.31.
  • p
    paul
    What's the scuttlebutt on this spike today?
  • T
    Titan
    My gut tells me that my investment here is safe. I believe that even if the broader market dips or corrects, investors will start to flock to cyclical industries and small caps. In my opinion TWI is a good store of value and will continue to gain favor as they post positive earning.
  • T
    TR
    Not to kick em while they're down here but Titan has lost money (negative EPS) for each of the past 8 years. Book value has steadily dropped for $13/share to $2.79/share MRQ. Is there anything in particular that flips that script going forward?
  • k
    k
    My limit/buy orders are all under $7.
  • R
    Rob
    How do you get a stock ramped by the reddit gang? no, seriously!
  • Y
    Yahoo Finance Insights
    Titan is up 13.13% to 8.27