Titan Machinery Inc (TITN)

[Minding]

TITN looks like it's out on a limb to me. Huge debt, not enough cash, declining revenues, they issued senior convertible notes in April and aren't likely to do that again anytime soon, their Wells Fargo credit agreement was reduced in January and is secured (of course) by company assets, they have to get acquisition permission from Wells Fargo above certain thresholds so their hands are tied.

Still rummaging.

Kind regards,
Minding