Titan Machinery Inc (TITN)

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TITN nice geen today markets down. ...

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29% shorts >>> http://shortsqueeze.com/?symbol=titn&submit=Short+Quote%99

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Titan Machinery Inc. Registers High Short Percent of Float

by Thomas Lindt on February 3, 2015

Shares of Titan Machinery Inc. (NASDAQ:TITN) are trading at $13.5. The price is 33.8% off the 52-week high and 20.8% off the 52-week low. But, investors should exercise caution as the short interest is growing high at 45.08% of the floated shares. A high short interest indicates that the market is expecting further price decline in the coming sessions.

During the last trading session – Titan Machinery Inc. (NASDAQ:TITN) tumbled 0.71 points in daily session. The price extremes of the session were $14.26 and $13.38. However, some value buying and short covering helped the stock pare major loss and closed at $13.42, which is marginally above the opening price of $14.16. The volume reading came in at 86,809 shares. The previous close of the counter is $14.13. The 52-week top of the Corporation is registered at $20.4 and the company has a strong presence with a market cap of $287 million. The 52-week low price of the shares is $10.69. There are 21,411,000 shares in outstanding.

Shares of Titan Machinery Inc. (NASDAQ:TITN) rose by 6% in the past week and 2.1% for the past 4 weeks. For the past week, the counter has outperformed the S&P 500 by 9.02% and the outperformance increases to 5.33% for the past 4 weeks.

Titan Machinery Inc. owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company operates in three segments: Agriculture, Construction and International. The agricultural equipment it sells and service includes machinery and attachments for uses ranging from large-scale farming to home and garden purposes. The construction equipment it sells and service includes heavy construction and light industrial machinery for commercial and residential construction, road and highway construction, and mining operations. Within its operating segments, the Company is engaged in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services, and equipment rental and other activities

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Oil prices are low it will filter intro construction equipment sales at TITN..

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TITN big GREEN today yea....

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Earnings looks good got more cash in the bank , TITN...

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Big day Earnings TITN...

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Should be a busy day tomorrow TITN....

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In at $11.92 TITN...

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I am going to stick my neck out and say that earnings will be good... From living on the farm in the past harvest time is the busiest time for machinery and repairs.. I am almost sure that the shops of titan were busy do to the early snowfall when snowfall happens its harder on the equipment and with that happens breakdowns happen and they would go to titan to get the parts and service and new equipment if needed.... As far as construction equipment the midwest has been booming from the oil business in the dakotas to construction booming in the Minneapolis metro area and so on jmo... Most analyst are saying hold or buy...Its a good time to buy at these levels right before earnings.. http://quotes.wsj.com/TITN/research-ratings

Shorts
http://shortsqueeze.com/?symbol=titn&submit=Short+Quote%99

Futures
http://farmfutures.com/ffQuotesElectronic.aspx

http://www.secform4.com/insider-trading/1409171.htm
2014-09-10
Purchase 2014-09-11
11:58 am Titan Machinery Inc. TITN Meyer David Joseph
(Chairman and CEO
Director
10% owner) 90,250 $13.01 $1,174,098 754,258
(Direct) View

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Earnings Dec 10 TITN....

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Nice day TITN... Getting pounded up here with snow hopefully the farmers got their crops out...

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I am still convinced that TITN will move up in the next 3 months as history shows it has in the last 3 yrs chart...





http://www.secform4.com/insider-trading/1409171.htm


Book Value $19.158

Income statement
http://finance.yahoo.com/q/is?s=titn


shorts

http://shortsqueeze.com/?symbol=titn&submit=Short+Quote%99

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TITN UP BIG 7% WOOHOO.....

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Alot soybeans were out some farmers were in corn on the weekend pushed out some corn moisture at 23 and it was an early number... Had fun 2388 then broke a snoot on the end.... Oh it was bad had to go to titan in Lemars and get parts.... Oh well got fixed and got 100 out later on.... Fun times for farmers now.... The ones I know are storing corn to cheap.... Overall looks like a late season for crops to get out more time for TITN to sell more....

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Mabey I see 10% of corn getting out in southern Minnesota see alot of big red combines out.... NICE GREEN DAY TITN!!!!!

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Income Statement http://finance.yahoo.com/q/is?s=titn

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For Case IH and TITN FANS this weekend I will be seeing the southern Minnesota and northern Iowa crops as I go down to help dad get soybeans out with good weather hopefully. ... nice green day TITN

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BOOYAAA TITN UP 7%....

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To be honest I didnt even know Massey was around lol... I am driving thru the countryside outside the city I can see the dirty dust fly with big red scooping up the soybeans....Love it

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Not even close agco has no construction equipment TITN does... Construction has been booming in the Dakotas and Minnesota Wisconsin area or the Midwest. .. Massy is a no name not even close to Big Red imo....

[Minding]

Similar to TITN in some ways.

Kind regards,
Minding

==============

Agco cuts profits hopes, again, citing weak sales
The cloud over the agricultural machinery sector deepened as Agco, for a second time, cut its forecast for full-year earnings, noting "lower sales levels across all regions".

Shares in Agco tumbled 8% in pre-market deals after the maker of Massey Ferguson and Fendt farm equipment reduced to $4.10-4.30 per share, from $5.00 per share, its forecast for underlying, full-year earnings.

While Wall Street had allowed some scope for disappointment from Agco's previous guidance, which the group cut from $6.00 per share in July, analysts were forecasting full-year results to hit $4.84 per share excluding one-time effects.

Agco's upgraded guidance, which implies that the group is on course for its worst results in four years, includes an earnings estimate for the July-to-September quarter of $0.60-0.65 per share, including a $0.15-per-share boost from the reversal of an employee share bonus payment.

Investors had forecast underlying earnings per share $0.82.

'Weaker-than-anticipated demand'

The group attributed its downgrade to "lower sales levels across all regions, lower production and foreign currency translation", with the rise of the dollar to a four-year high against a basket of currencies denting the value, in dollar terms, of takings made in the like of euros.

"During the third quarter, we experienced weaker-than-anticipated levels of demand," said Martin Richenhagen, the Agco chairman and chief executive.

The comments are the latest in a series of downbeat statements from farm machinery groups, with Deere & Co, the maker of John Deere equipment, in August cutting its profits forecast, and retailer Titan Machinery last month reducing its earnings expectations.

A farm machinery sales index compiled by Creighton University from major US agricultural states fell last month to its lowest since the survey began eight years ago.

The sector's malaise has been blamed by cuts to farm spending prompted by lower crop prices, which have for many growers fallen below production costs.

"The rapid decline in agriculture commodity prices has pushed farmers to shrink their equipment purchases," Creighton University said.

'More aggressive cuts'

Mr Richenhagen said that Agco was responding to the market deterioration by "making more aggressive cuts in production schedules and expenses".

He said in July that the group had taken "aggressive actions to cut production, manage inventory levels, reduce operating expenses and generate cash flow", adding that "short-term cost reduction actions and production cuts should see us through the current market softness".

Agco shares stood 7.6% lower at $43.50 in pre-market trading.

The shares have not, in official dealings, touched such a level since November 2012.

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Nice GREEN day TITN...

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TITN

Oct all the way in to the new yr the last 3 yrs it runs up
good potential...

http://stockcharts.com/c-sc/sc?s=TITN&p=D&yr=3&mn=0&dy=0&i=t56146192128&r=1411938611340

http://finviz.com/chart.ashx?t=TITN&ty=c&ta=1&p=d&s=l

shorts makes it better..
33% float short 12days cover,,
http://shortsqueeze.com/?symbol=titn&submit=Short+Quote%99

BOOK VALUE $19.158

Symbol TITNNameTitan Machinery IAsk14.00Bid12.11Book Value19.158

Income statement
http://finance.yahoo.com/q/is?s=titn

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Lately I sure have seen alot of 680 series track tractors around construction sites... I been also seeing hauled in from rail... Would that mean sales are up????

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Rent prices have dropped... Whats good for the farmer is good for TITN....

http://www.dtnprogressivefarmer.com/dtnag/common/link.do;jsessionid=EB3045E2308FB62B1217C8B06274582A.agfreejvm2?symbolicName=/free/landmanagement/news/template1&product=/ag/news/landmanagement&vendorReference=0702DDC4&paneContentId=70119&paneParentId=70104

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Big trade there almost 30k ... Hummmm would it be another insider? ????

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North Dakota Wheat Harvest with Case IH 8120 & 8230 Combines - Dahl Farms
man that looks like fun...

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Titan Machinery in Aberdeen Earns Pinnacle Award

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Is that out east??? I always get confused on the England.. heres some more news..

NEWS / 2014 / 08 / 14 CASE IH 9240 AXIAL FLOW – THE COMBINES TITAN!



At a field demonstration near Paris, CASE IH presented the new combine series CASE IH 7240, 8240 and 9240. The combines use the Axial Flow technology with single rotor, already proven for more than 10 years.
The new models are equipped with innovative powerful Cursor engines with capacity of 11 to 16 l. The max power of the flagship Case IH 9240 is 635 hp. The engines use the new variable speed cooling fan. This leads to lower noise levels, low rpm of the engine and lower fuel consumption which reduces the Tier 4 Final emissions.

The new engines of this series are developed especially for the European conditions and ensure less time for harvest, easy grain cleaning and smoother operation regardless of weather conditions.
Paul Harrison, Harvesting Coordinator for EMEA at Case IH said in front of Traktor.BG: “9240 is the flagship of the new series. In combination with the new engine and power of 635 hp and increased operating capacity in harvest allow working with bigger headers when harvesting wheat, corn or sunflower. Higher capacity of system allows for efficient and fast grain cleaning with losses below 0.01%.

240 series combines can be operated with the latest generation of Case IH VariCut headers which are available in widths of up to 12.5m. These headers are also designed specifically for European conditions and allow Case IH customers to make the most of these combines’ capacity. During the presentation the ‘Terra-flex’ flexible knife header was also shown which adapts automatically to uneven terrain.

Case IH Axial-Flow combines are equipped with the latest tyre technology from Michelin and Mitas, utilising low tyre pressure to support high cyclical loads. In addition to the proven tracks, Case IH is introducing the fully suspended tracks, available in two widths, 610 mm and 724 mm as an option, giving a total width of 3.5m for the combine. This is a very important benefit for the balance of the combine and less soil compaction, given the 14,400 l grain tank.

Case IH 240 combines are extremely comfortable to operate. All key external functions are placed in the palm of the operator’s hand with the Multifunction Propulsion Control Lever, thus giving full control. All header functions and unloading auger operations can be handled also very easy, as every button is logically positioned.

The new AFS Pro 700 system allows quick control of the combine. For example, when changing crops, you can start cleaning the combine just by using the touch screen.

The combine series Case IH 240 Axial Flow will be launched in the Bulgarian market in the beginning of 2015 by Titan Machinery Bulgaria.

http://titanmachinery.bg/?website=caseih&language=en&content=news_view&news_id=148

[Minding]

Since doing more research and continuing a discussion on Seeking Alpha (see the comments at the bottom @ http://seekingalpha.com/article/2396335-titan-machinery-shares-on-the-verge-of-collapse-due-to-extremely-weak-financials-and-plummeting-crop-prices) I'm not sold on the idea that these guys are in dire straits. They aren't in great shape, but that is in part the nature of the business.

I'm still waiting for Markowitz to chime in since the most recent report.

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Oh it was great I still help farm when i go home but i do miss it its the good life.. Hey a little info on the new Acquisition... wayne college town

Subsequent to the end of the second quarter, on August 29, 2014, the Company acquired certain assets of Midland Equipment, Inc., consisting of one agriculture equipment store in Wayne, Nebraska, which expands the Company’s agriculture presence in the state. In its most recently reported fiscal year, Midland Equipment, Inc. generated revenue of approximately $4.5 million


http://www.caseih.com/en_us/Pages/Dealer.aspx?id=101-076011A

[Minding]

You've got some wonderful memories.

I lived in New England where farms were small, equipment old and beat up, but the sounds and smells were similar. I had one vantage point looking over a valley of corn, striking in the geometry and color, particularly against the rich blue autumn sky. Just two years there, but heaven is still heaven though briefly.

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Another month and it will be PRIME TIME HARVESTING. ... God I love fall its the best time of the year for farmers seeing what they have. ... Back when I was a kid we had 2 1680 axle flows going around custom combining and use to go to Vern Anderson pick up the parts there use to be a treat and see the new equipment there....

[Minding]

Impressive: http://openinsider.com/search?q=titn

Thanks for pointing this out.

Kind regards,
Minding

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TITN that is nice to see with confidence. ... More buys from insiders...

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http://www.secform4.com/insider-trading/1409171.htm

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You got look at the whole picture why there's even a discussion why BK.... First theres no way in hell nobody knows what the weather would be next yr... They say farmers are not buying because of crop prices... Well all ya need is a drought. ..

Second if titn is in so bad of shape the smart thing to do is slash dog shops that is ones that are not putting out good sales...

Third Case IH would probably step in before then...

Fourth You should see the face expressions on farmers faces when you mention the wrong color theres big die hard fans for Case IH...

If TITN stays competive and has die hard farmers TITN will be fine....

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Na TITN will be fine. ..

[Minding]

I'm happy to discuss this with you, but I'm under the impression you aren't fully reading my posts. You seem to think I am saying Markowitz is correct. I am not saying this. I am not in a position to say this until I test his argument.

In a nutshell, Markowitz is predicting Chapter 11 (not Chapter 7) perhaps as soon as the end of October. Here are his words from August 21, 2014:
"I believe that Titan will file for Chapter 11 bankruptcy and not Chapter 7. Chapter 11 will wipe out all of their shareholders. However, it will enable them to remain as a small retail farm equipment chain and they will still be a distributor for CNH."

On the same day he wrote:
"It will take a miracle for Titan to either not have been in violation of its debt covenant with Wells Fargo at the end of its second fiscal 2015, quarter which ended on July 31, 2014 or its third fiscal quarter ending October 31st."

It sounds like you haven't read any of the links I provided to this forum yet. Perhaps you don't wish to know/understand the details, which is fair enough, but it makes a discussion between us difficult to have.

For us to have that discussion, you have to be willing to engage on his points, to refute his points, which are based on a reading of TITN's Balance Sheet, Income Statement, and Cash Flow Statement over a number of years.

I haven't yet verified his arguments to my own satisfaction. That's why I haven't put a lot of money to work. And why I am working with the materials I've mentioned in prior posts.

At any rate, today's news about TITN's report, which was far from stellar, have no bearing on Markowitz's arguments. We have to look at and attempt to understand their most recent Cash Flow Statement before determining if a multi-year downward trend and Chapter 11 is still a possibility.

Kind regards,
Minding

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I thought the clown of yours said BK... How does TITN get a new acquisition with more income coming in and going BK as the clown said?????? Would you like to take it back?????

[Minding]

Sorry. I'm not sure what you're asking me or if you're asking me anything.

Minding

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How does a company get a new acquisition while going BK ????? Lol
I know this one btw....

Acquisition


Subsequent to the end of the second quarter, on August 29, 2014, the Company acquired certain assets of Midland Equipment, Inc., consisting of one agriculture equipment store in Wayne, Nebraska, which expands the Company’s agriculture presence in the state. In its most recently reported fiscal year, Midland Equipment, Inc. generated revenue of approximately $4.5 million

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Earnings out TITN...

Fiscal 2015 Second Quarter Results

For the second quarter of fiscal 2015, revenue was $451.0 million, compared to $488.2 million in the second quarter last year. Equipment sales were $320.1 million for the second quarter of fiscal 2015, compared to $358.4 million in the second quarter last year. Parts sales were $70.5 million for the second quarter of fiscal 2015, compared to $70.6 million in the second quarter last year. Revenue generated from service was $38.4 million for the second quarter of fiscal 2015, compared to $39.9 million in the second quarter last year. Revenue from rental and other increased to $21.9 million for the second quarter of fiscal 2015 from $19.3 million in the second quarter last year.

Gross profit for the second quarter of fiscal 2015 was $79.7 million, compared to $83.5 million in the second quarter last year. The Company’s gross profit margin was 17.7% in the second quarter of fiscal 2015, compared to 17.1% in the second quarter last year. Gross profit from parts and service for the second quarter of fiscal 2015 was 57.4% of overall gross profit, compared to 57.6% in the second quarter last year.

Operating expenses were 15.1% of revenue or $67.8 million for the second quarter of fiscal 2015, compared to 14.4% of revenue or $70.1 million for the second quarter of last year. The increase in operating expenses as a percentage of revenue was primarily due to the deleveraging of our fixed expenses as total revenue decreased from the prior year. In the second quarter of 2015, the Company recognized a $1.3 million charge from the balance sheet impact of the Ukrainian Hryvnia devaluation and store closing costs of $0.2 million.

Floorplan interest expense increased to $5.3 million for the second quarter of 2015, compared to $3.7 million for the same period last year primarily due to increased levels of interest-bearing equipment inventory.

Pre-tax income for the second quarter of fiscal 2015 was $1.8 million. Excluding the aforementioned Ukraine currency devaluation and store closing charges, adjusted pre-taxincome for the second quarter of fiscal 2015 was $3.3 million. This compares to pre-tax income of $6.6 million in the second quarter last year. Pre-tax Agriculture segment income was $5.3 million for the second quarter of fiscal 2015, compared to pre-tax income of $9.8 million in the second quarter last year. Pre-tax Construction segment income was $0.1 million for the second quarter of fiscal 2015, compared to a pre-tax loss of $1.7 million in the second quarter last year. In the second quarter of fiscal 2015, adjusted pre-tax International segment loss was $3.7 million, compared to a pre-tax income of $0.1 million in the second quarter last year.

Net loss attributable to common stockholders for the second quarter of fiscal 2015 was $0.6 million, or a loss per diluted share of $0.03. Excluding the foreign currency losses of $1.3 million and store closing costs of $0.2 million, adjusted net income attributable to common stockholders for the second quarter of fiscal 2015 was $0.8 million, or $0.04 per diluted share. This compares to net income attributable to common stockholders of $3.8 million, or $0.18 per diluted share, in the second quarter last year

[Minding]

The strong move up today is in anticipation of a good report tomorrow by TITN. I believe the numbers will look good.

If Markowitz is correct, the problem with the CFS won't have vanished.

KInd regards,
Minding

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THE ONLY WAY TO GO IS BIG RED....

[Minding]

FYI from Fidelity just now:

Titan Machinery technical comments before earnings
FLY ON THE WALL 2:53 PM ET 9/8/2014
The shares have been in a strong downtrend for the last three months, losing more than 23% of their value. That downtrend is however the second leg of a much larger downtrend that began in March 2013. There is a large percentage of the float short in the name, but that has been typical of the shares in the prior year and is at the lower end of where that percentage has been over the period. Given the sharp decline in shares combined with 29% of the float short there could however be a short-squeeze if news exceeds low expectations. A move above $14 would break the current downtrend, with resistance above at $14.60. If the news is weaker than expected, next support would be at $12.12 which is the 52-week low. Support below that level is at $11.54.

[Minding]

That makes sense.

Farmers are the backbone of our country. Whether or not TITN is in dire straits, farmers will find a way.

Kind regards,
Minding