Founder of Equities Research. Stockdiagnostics Specialist

Founder of Equities Research. Stockdiagnostics Specialist
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Tuesday, September 1, 2015

TITAN MACHINERY Reports Q2 on September 9th

According to Vanguard, Titan Machinery expects to earn $0.03 for FY2016 Q2 

At 8am this morning the following summary appeared on Vanguard Website. A look below this will show the changes made to this website summary as of 12:50pm today.
  • Earnings Estimates are expected to be $0.02 for Q2 2016, and $0.21 for Q3 2016 while Q4 2016 estimates are steadily falling to $0.02. TITN's next earnings announcement is scheduled for the week of 9/9."

AT 12:50pm today the summary read as follows:

  • "Earnings Estimates are expected to be $0.03 for Q2 2016, and $0.21 for Q3 2016 while Q4 2016 estimates are steadily falling to $0.02. TITN's next earnings announcement is scheduled for the week of 9/9."

A look At Q2 Releases from FY2015, FY2014, FY2013

Tuesday, September 9, 2014

Thursday, September 5, 2013

Monday, September 10, 2012

Monday, August 31, 2015

Dow Jones Index Moves I Anticipate

On September 1,2013 I suggested that the Dow Jones Industrial Averages makes changes, within 10 days Dow Jones added three stocks and removed 3 from the index.

Sunday, September 1, 2013

Dow Jones Index Needs a Shuffle to take Average to 20,000

Today I am speculating that Caterpillar and Intel will be removed by the Dow Jones from the Index and I believe Google will split soon so it too can conveniently have its price suitable to join the Dow Jones Index the same fashion that Apple split and was then added.

Friday, August 28, 2015

Titan Machinery Closes at New 66 Month Low

February 2013 Warning TITN vs S&P 500 index
source :

Thursday, August 20, 2015

Wednesday, July 1, 2015

TIME TO BUY HERSHEY....Before Maybe Buffett does

Equities Research Rating: STRONG BUY

November 18,1981 Hershey went Public @ $37 per share, ( $1.54 adjusted for splits and dividends )

$17,000 on November 18,1981 would be worth $1 million today.

Annual Report

Incorporated October 24,1927

Hershey Stock Splits.

Market Cap: $14 Billion
Shares Outstanding: 224 million
Closing Price: $88.83
Sales: $7.4 Billion
Income: $846 million
EPS: $3.77 per share
PE: 23
DIV yield:  2.41%


Analysis of Warren Buffett Purchase of Heinz

Tuesday, June 9, 2015

Titan Machinery 10Q Reveals ERRORS

Inflated Assets and Understated Losses 
Titan Machinery filed FY2016 1st quarter 10Q with the Securities and Exchange Commission for the period ending April 30,2015. Included in the footnotes was the severance agreement with the CoFounder of the company who suddenly resigned from the board and stepped down from his role as president effective last week on June 4,2015. (The company has still not named a new president and I am confused why the president would elect to resign before allowing the company to find a replacement?)

Sudden Resignation Has A Hostile Feel 
From severance agreement:
  • "The Company may terminate this Agreement without Cause"

In June 2014, Titan announced FY2015 1st quarter financials and shares traded up above $17.00 per share. (its 52 week high).
Titan announced that Construction Revenue in the 1st Quarter FY 2015 were 23% higher vs. Q1 FY2014 and the chairman David Meyer also touted on the conference call how they created a footprint in the Ukraine with a new location and made the statement: "Ukraine has been excellent that we’re seeing good real order sales,"

In September 2014 the Company announced that 
  • In their FY2015 2nd quarter 10Q filed on Tuesday afternoon with the Securities and Exchange Commission the company stated that they realized that they had inflated their assets and understated their losses in their 1st quarter 10Q filed back in June 2014. Although they previously reported an Earnings Per LOSS of ($0.20) for Q1, it came to their attention that had actually loss ($0.31) for the quarter. The company determined that the error on the loss of over 50% was immaterial and that they won't deem it necessary to Refile their FY2015 Q1 10Q.
Because the company never refiled a FY2015 Q1 the public was never able to see the financials for FY2015 Q1 until today when the company filed their FY2016 1st quarter 10Q.
  • Reality was Construction Revenue touted as being 23% higher in June 2014 press release were only 10% higher than prior year's Q1.
  • Agriculture revenue were over 4% lower and not the -2% they stated.
  • International Revenue were actually only 5% higher and not 9%.

**more 2014 hype TITAN MISSED FY2015 EPS GUIDANCE BY $62 Million (missed guidance for 7 months out by $2.00 a share)

**** Will Securities and Exchange Commission Comment On Another Titan Proxy?

 *TITAN BONDS UP 21% After 6th Amendment

Below are Images from the FY2015 Q1 10Q that were filed with SEC last June 2014.
In Red I mark some errors and discrepancies against today's numbers for that same 1st quarter of a year ago.

Calling ALL CPAs and Auditors
this image here is the biggest problem I see. BENEFIT FROM INCOME TAXES
Here in the Q1 2015 10Q it shows a Positive $1,733,000
IN Red you can see the Q1 2015 Number that is used in today's FY2016 Q1 10Q showing that number as NEGATIVE ($1,733,000).
I don't understand how last year they added that number when it was entered as positive, but this year they add that same number but they enter it as a negative. #CONFUSED