Titan Machinery (NASDAQ : TITN) is a very peculiar stock. The company has a market capitalization of nearly $300 million but the company's underlying fundamentals disclose a business that is on the brink of bankruptcy. Shares of the stock are being held and practically tied up by a group of major mutual funds that for some reason have added to their positions as the company's future becomes more and more in doubt.
Titan has a history of questionable related party transactions and a family member who has led underwriting from a boutique investment firm.
"in certain circumstances, n upon the customer's written request, equip revenue is recognized before delivery occurs"
From Morningstar: Institutional Holdings