Titan Bond (2019) Makes NEW ALL TIME LOW this morning @ $66.50 yield 14.88%
Recent 8K : Board Member to Resign
TITAN MACHINERY (NASDAQ: TITN) warned earlier this week that the company expects to be in non compliance of the covenants in the $150 million convertible note with Wells Fargo. The company says the terms of the note require the Company to earn a minimum net income for the FY2015 period that ended as of January 31,2015.
On Monday the company stated that they expect to lose nearly $32 million for FY2015 when the audited financials get reported on April 15,2015. On July 2,2013 or July 8,2013 (read why date is important here) Deloitte & Touche LLP replaced Eide Bailly LLP, the company's long standing auditor since the company's Initial Public Offering.
Technically " on way to Head and Shoulders target below", greg harmon
$TITN chart: @stockpicker908 Working through prior consolidation area . http://t.co/D7Fy58CTtN
— Greg Harmon, CMT (@harmongreg) March 13, 2015