Tuesday, August 26, 2014

DANGER: Titan Machinery Bond Hits ALL TIME LOW....****Alert

*****ALERT.....*****ALERT....the end of Titan Machinery is rapidly approaching.

Titan Machinery Convertible Indenture (2019) hit a NEW all time low yesterday @ $79.00 yield 9.39%

Titan Machinery will be reporting FY2015 2nd quarter financials for the period ending July 31,2014 withing the next month.


#bearish

Bond:
Titan Machinery (NASDAQ: TITN)
Convertible Bond 3.75%  Maturity:2019.
Closed Yesterday:  $79.00 w 9.39% yield.



Date of Offering : April 18,2012 
Amount of Debt: $150 million Convertible




Stock: (Stock Research)
Titan Machinery (NASDAQ: TITN) closed yesterday at $13.65 on volume of 120,358 shares. The stock has closed below $14 for the ninth consecutive session.

Titan Machinery FY2014 annual report (10K) .


  •  FY 2014 Net Income declined 79% from $42 million in FY 2013 to $8.8 million for FY 2014.
  •  April 10th announced the closing of 7 construction stores and 1 agriculture location

TITN 2 year chart vs. S&P500 (source: BigCharts )


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