Wednesday, May 27, 2015

What is TITAN Machinery really?

What is TITAN really?

A January 2008 IPO raising approx $60 million

January 2011 2.4 Million Shares @ $28.75 

A Spring 2011 Underwriting approx $60 million.

November 20011 500,000 @ $21.68 

A Spring 2012 $150 million Indenture.


Management (& Family) Outside Entities make all the money:
  • on leasing property to TITN.
  • sales commissions
  • underwriting fees
  • mgmt sold stock annually
  • having expenses, maintenance and fees on their outside entities properties paid by TITAN.
  • Brother-in-law generating millions of dollars worth of construction fees (questionable if its even needed)


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