Wednesday, September 30, 2015
Institutions' Buys and Sells in Titan Machinery
Today we will look at the changes made in the 2nd Quarter from April 1 thru June 30,2015.
Boston Partners sold (28% of position) 155k $TITN in Q2 between $12,56-$15,94. July 1st still had 400k shares http://t.co/u9wLDx9T4Q
— tom renna (@StockPicker908) September 30, 2015
#Invesco holding 3.8 million shares $TITN and #FMR holding 3.2 million shares . 22 million shares outstanding, #negligent #moneymanagers
— tom renna (@StockPicker908) September 30, 2015
good news : Huber Capital Sold 621k shares (70% of position) $TITN in Q2 between $12.56 - $15.94 BadNews still owned 257K entering July 1
— tom renna (@StockPicker908) September 30, 2015
Congratulations PUTNAM Investmetns for being only Mutual Fund to Sell Entire Position in $TITN during Q2 314,000 shares $12.56 to $15.94
— tom renna (@StockPicker908) September 30, 2015
RUSSELL FRANK CO found it necessary in Q2 to add 119,000 $TITN between $12.56 and $15.94 brings total to 347,414 http://t.co/VpXBMwGFfG
— tom renna (@StockPicker908) September 30, 2015
SNOW CAPITAL MANAGEMENT LP added to position in $TITN in Q2 132,000 shares between $12,56 and $15,94 http://t.co/43ONd6pVen
— tom renna (@StockPicker908) September 30, 2015
PANAGORA ASSET MANAGEMENT added to position in $TITN in Q2 96,000 shares between $12,56 and $15,94 http://t.co/CIDDs0RVTm
— tom renna (@StockPicker908) September 30, 2015
FULLER & THALER ASSET MANAGEMENT started new position in $TITN in Q2 152,000 shares between $12,56 and $15,94 http://t.co/Yg3XNNWUCt
— tom renna (@StockPicker908) September 30, 2015
$77.50 11.58% yield. $WFC 6th Amendment to $TITN bond in 10K #footnote FY2016 Q3 due out December has tight covenants http://t.co/tvCJEyAWc1
— tom renna (@StockPicker908) September 30, 2015
$titn looks like institutions n funds walking stock higher into end o quarter mark up. Painting tape in broad daylight. Is this 1990? PE 165
— tom renna (@StockPicker908) September 29, 2015
Tuesday, September 29, 2015
Strong Buy TheStreet (Business Insider Acquired For $442 Million, )
Axel Springer's CEO talks about why he bought a majority stake in @BusinessInsider and invested in @Thrillist.
https://t.co/Yy3V2cepH5
— CNBC (@CNBC) September 30, 2015
TheStreet $TST NASDAQ: $1.68 ) Monday, September 28, 2015
Titan Machinery Closed Week @ $11.42, Where is it Headed Next?
Their credit lines were reduced by over $100 million and the covenants of their $150 million Indenture with Wells Fargo has had 6 amendment, the last being made earlier this year "After the company" was non compliant with the terms of the note.
Management entered into a long term $100 million contract with an outside entity that Management has an equity interest in.
(by over 50%)
Friday, September 25, 2015
Titan Machinery Director Resigns Effective Immediately
Since this Warning near $30 , $TITN still remains the most overpriced stock in the mkt at a PE 170 #EquitiesResearch: http://t.co/tfpNpFFk2z
— tom renna (@StockPicker908) September 24, 2015
$titn titan machinery from Zacks 9/22/15 release: DEBT to EBITDA RATIO = 25 and PE multiple 178
— tom renna (@StockPicker908) September 24, 2015
#Short Pick PE 180 #EquitiesResearch: $TITN Bull case vs. Bear Case . 8 Reasons to be Long and 1000 reasons to short http://t.co/aBXnHYP8Xb
— tom renna (@StockPicker908) September 23, 2015
Institutions "start" to sell $TITN 6 of top 10 sold in Q2 $BLK $FMR #invesco #towle #yost Maybe why it hit $10 http://t.co/Hr7ypfZiLC
— tom renna (@StockPicker908) September 22, 2015
#EquitiesResearch: ZACKS: TITAN Ranks Highest Debt to EBITDA Ratio http://t.co/R0X3FM6QhX
— tom renna (@StockPicker908) September 25, 2015
Saturday, September 19, 2015
#FridayNightDump , The Best Time to Hide
Experienced management from public companies that are very crafty and slick who wish to hide SEC disclosure file any unfavorable news on Friday Nights when everyone is away knowing that when the new week starts, last week's news is buried. Michelle Leder of @Footnoted coined Friday Night Filings as the #FridayNightDump
Journal of Accounting and Economics published research by professors from Cornell University and Simon Fraser University unveiling statistics of Friday Night Filers.
Michelle Leder of *Footnoted is one of the best follows on all"Abstract
Using combinations of weekdays and times of day (before, during, and after trading hours) of earnings announcements, we examine whether managers attempt to strategically time these announcements. We document that the worst earnings news is announced on Friday evening and find robust evidence that only Friday evening announcements represent managers’ rational opportunistic behavior. Friday evening announcements are followed by insider trading in the direction of earnings news and the largest post-earnings announcement drift. Managers also attempt to reduce interaction with investors and hide more than just earnings news by announcing on Friday evening. We find that Friday evening announcements occur later in the evening than announcements on other evenings, firms have a reduced propensity to hold conference calls, and major firm restructuring events are relatively more likely to occur after Friday evening announcements."
of Twitter. Every Friday night she posts about public
companies who sneak in SEC filings before the
weekend,.... sometimes to simply avoid being noticed.
July 10,2015 report:
When is the Best Time to Hide Earnings News?
Tweets by @footnoted
Friday, September 11, 2015
StockTwits Contest Winner: My Stock Pick Up 37% in 4 days.
— tom renna (@StockPicker908) September 4, 2015
$TITN $10.01 to $13.74 this week. UP 37.4%(chart from big charts.com)
My handle on twitter is @stockpicker908 , my original handle was @GFNNstock
I don't have that many followers, but i really appreciate these bright folks that interact with me. Not only are they smart , but they are good guys/ladies on the up and up.
The Tweet and kind words in my post from Roddy Boyd is the greatest compliment that I ever received in my life! Thank You Roddy Boyd
Everyone receiving this should visit and bookmark Roddy Boyd's site.
From time to time I'm asked about analysts, diggers whose work I really respect, who do things well. Tom Renna, @GFNNstock, is a must follow
— Roddy Boyd (@BoydRoddy) September 7, 2013
Congrats to a pair of determined stock sleuths: @adakcapital & their call on $CCRN and @StockPicker908 for his long-running work on $TITN
— Roddy Boyd (@BoydRoddy) March 10, 2015
I've got to hand it to $GFFNStock (Tom Renna): He's been warning on $TITN for quite awhile http://t.co/Fso3e4laAg Also not a fan of $SSYS
— Herb Greenberg (@herbgreenberg) May 24, 2013
Hats off to @StockPicker908 for sticking w/his warnings on $TITN all the way down http://t.co/NMAM2lzW9c
— Herb Greenberg (@herbgreenberg) September 9, 2014
This guy makes a serious case that this company is, umm, furry. (@GFNNstock)
http://t.co/GyGAcbTYD7
— Roddy Boyd (@BoydRoddy) April 28, 2013
@WillauerProsky @StockPicker908 Bashing shorts, and to a lesser extent journos, almost always a soft signal that company is troubled.
— Roddy Boyd (@BoydRoddy) June 11, 2014
@GFNNstock Nice find. $AOL pays a visit to the #fridaynightdump http://t.co/KjDufkVu7m
— footnoted (@footnoted) August 17, 2013
Hats off to @StockPicker908 for sticking w/his warnings on $TITN all the way down http://t.co/NMAM2lzW9c
— Herb Greenberg (@herbgreenberg) September 9, 2014
Whoa! RT @GFNNstock: @SamAntar @herbgreenberg @footnoted #fridaynightdump CFPB’s Enforcement NORA letter $ESI http://t.co/iin71WE80T
— Herb Greenberg (@herbgreenberg) December 27, 2013
Congrats to @GFNNstock for a great call on $TITN.Here’s what he wrote in April http://t.co/NMAM2lzW9c
— Herb Greenberg (@herbgreenberg) December 5, 2013
@GFNNstock @TheStreet thanks, tommy!
— Herb Greenberg (@herbgreenberg) August 18, 2013
@GFNNstock I have the fan!
— Marc Cohodes (@AlderLaneeggs) February 10, 2014
@GFNNstock @AlderLaneeggs @herbgreenberg that's bc of the Kraft settlement I think. GMCR is the one with the problems
— Barbarian Capital (@BarbarianCap) March 14, 2014
@GFNNstock @Clay_Bear Yes indeedy. A 'short', they say, keeps a fraudster at bay. #hedgefund #forensicaccounting
— WPWAM (@WillauerProsky) December 11, 2013
@GFNNstock great coverage
— john rock (@johnrock4) December 4, 2013
In a market that hasn't made shorting easy @GFNNstock showed the poor fundamentals of $TITN long ago with much alpha - I'm very appreciative
— Voltaire (@PhilipEtienne) December 5, 2013
@GFNNstock yes it's been at tough market for shorts but suspect that party might just be fast approaching
— GradientAnalytics (@EarningsQuality) December 6, 2013
@GFNNstock thanks for 2013. Looking forward to more great analysis in 2014.
— Auditor Carousel (@AuditorCarousel) January 1, 2014
Cool, thank you! A cheery new year for Citron. “@GFNNstock: @WillauerProsky http://t.co/9zvBR1kGKj”
— WPWAM (@WillauerProsky) January 3, 2014
CONGRATS - $TITN: Whether it's up or down, @StockPicker908 consistently updated / shared his SS: thesis & sees the stock today @ new lows.
— Legacy Trades (@Legacy_Trades) August 27, 2014
@GFNNstock @BoydRoddy too funny - still staying short on your prudent analysis Tom - tx for the heads up
— Voltaire (@PhilipEtienne) August 23, 2013
Wow lot of green on my screen today. Only $TITN down on my watch list. Nice call @GFNNstock.
— Nicholas Yee (@nicholas_yee) September 9, 2013
@StockPicker908 you've been on top of this from the "git go"...superb job! I'm impressed
— Intrepid (@RuDauntless) September 9, 2014
@GFNNstock Titan out-muscled Eide Bailly. It's hard to get auditors to sign off on bill and hold accounting.
— Auditor Carousel (@AuditorCarousel) August 13, 2013
@GFNNstock well they do have a proven operating model that bleeds cash!
— Mike Colicchio (@iTravelandDine) September 6, 2013
@StockPicker908 Great work by Tom Renna.....Real good stuff
— john rock (@johnrock4) March 10, 2015
@GFNNstock so good!
— Mad Money On CNBC (@MadMoneyOnCNBC) August 30, 2013
@GFNNstock True, true...
— Tiernan Ray (@barronstechblog) June 26, 2013
Hat tip to @GFNNstock who has been spot on with the $TITN call. I disagreed and didn't sell when it ran up.
— SconnieTrader (@SconnieTrader) May 23, 2013
@GFNNstock eggscellent!
— Douglas Kass (@DougKass) February 20, 2013
@GFNNstock Seems you are alone no longer.
— Tiernan Ray (@barronstechblog) May 17, 2013
@CitronResearch @GFNNstock great coverage, thanks
— john rock (@johnrock4) December 6, 2013
@SamAntar @GFNNstock You did great!
— Francine McKenna (@retheauditors) April 23, 2013
@GFNNstock @retheauditors Thank you for advice today.
— Sam E. Antar (@SamAntar) April 23, 2013
@gfnnstock that was a great call
— howardlindzon (@howardlindzon) December 29, 2012
Tweets by @StockPicker908
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Thursday, September 10, 2015
TITAN Up again, Is it time to go LONG?
If you could buy ONE stock on close today which one ? Best gain next Friday's close wins a stocktoberfest.co ticket $spy
— Howard Lindzon (@howardlindzon) Sep. 4 at 02:43 PM
If you could buy ONE stock on close today which one ? Best gain next Friday's close wins a http://t.co/lfccruLQel ticket $spy
— howardlindzon (@howardlindzon) September 4, 2015
The Most Bullish Social Media Video you may ever see.
The Most Bullish Social Media Video you may ever see.
Titan Machinery Q2 Net Income Of $6,000 Increases Market Capitalization By $40 Million
- 9/9/15 Sales Decline 25%
- 9/4/15 Keep Your Eyes on the Numbers
- 9/2/15 Closes at New 70 month low
- 9/1/15 Estimates Range
- 8/28/15 New 66 month Low
- 8/20/15 Playbook: Long Gold, Short Titan,Apple,Stratasys
- 6/9/15 10Q Reveals Errors: Inflated Assets/Understated Losses
- 6/9/15 Founder Jumps Out As President With Golden Parachute
- 6/3/15 Shareholders Asked to Give Proxy Vote to Non Director
- 5/29/15 CoFounder Suddenly Resigns as President
- 5/29/15 Local MN Brokerage Upgrade Creates ShortSqueeze
- 5/27/15 History of Underwritings and Related Party Transactions
- 5/27/15 Hyped Guidance, Misses FY2015 by over $2.00 EPS est
- 5/21/15 Will SEC Comment Again?
- 5/17/2015 Chairman's Speculation Sends Bonds Up 21%
- 5/12/2015 Two Directors Suddenly Resign After $31 million loss
- 4/15/15 FY2015 10K : ($1.51) loss
- 4/9/15 A Warning Cut in Half
- 3/13/15 Bond Makes All Time Low
- 3/9/15 Titan Shares HALTED
- 2/12/15 Unusual Volume with No News, ....again
- 1/14/15 Negative $500 Million Negative Cash Flow
- 12/10/14 Q3 Report
- 4/25/2013 MOST OVERPRICED STOCK IN THE MARKET (leads the league in related party transactions)
Wednesday, September 9, 2015
TITAN Machinery Sales Decline 25%
$TITN $229 Million Decline in Sales (Down 25%) . 6 months Revenue FY2016 $687 million down from 6 months Revenue FY2015 $916 million.
— tom renna (@StockPicker908) September 9, 2015
$TITN FY2016 6 months EPS loss ($0.29) , net income loss ($6,186,000) vs FY2015 6 months EPS loss ($0.31) , net income loss ($7,049,000)
— tom renna (@StockPicker908) September 9, 2015
$TITN From July 31,2013 to July 31,2015 Total Stockholder Equity has declined by $34 million
— tom renna (@StockPicker908) September 9, 2015
$TITN From January 31,2015 to July 31,2015 Balance Sheet : Customer Deposits has declined from $35 million to $15 million. 57% decline
— tom renna (@StockPicker908) September 9, 2015
$TITN From January 31,2015 to July 31,2015 Balance Sheet : Cash has declined from $127 million to $95 million. 25% decline
— tom renna (@StockPicker908) September 9, 2015
$TITN has not earned net income in 6 of last 7 quarters
— tom renna (@StockPicker908) September 9, 2015
a look at $WFC 6th amendment to $TITN Indenture w adjusted net income covenants has titan on the edge going forward pic.twitter.com/G7aUvcSzRt
— tom renna (@StockPicker908) September 9, 2015
Friday, September 4, 2015
Keep Your Eyes on the Numbers : Sales and Earnings
2nd Quarter financials are due out on September 9,2015 pre market.
@StockPicker908 here you go, 10.50 lie in the sand, under that 7.50-7.75 pic.twitter.com/LxzXicFNDZ
— Greg Harmon, CMT (@harmongreg) September 3, 2015
$TITN net income for ttm ending 4/30/2015 loss ($31 million) vs $4.8 million for ttm ending 4/30/2014 . $35 million decline. MKT Cap $210 m
— tom renna (@StockPicker908) September 4, 2015
$TITN revenue for ttm ending 4/30/2015 $1.7 billion vs $2.25 billion for ttm ending 4/30/2014 . $500 million decline. -20.9% lower
Tuesday, September 9, 2014
Thursday, September 5, 2013
Monday, September 10, 2012
Wednesday, September 2, 2015
Titan Machinery Closes at New 70 Month Low
a
IN 2014 $TITN Inflated Assets and Understated Losses and touted those wrong numbers on CC to Squeeze Shorts http://t.co/874rZdx9BW
— tom renna (@StockPicker908) September 2, 2015
In 2013, #SEC commented on 3 different $TITN filings. This years DEF14A filed in May is example of how they do things http://t.co/QquggQTHbx
— tom renna (@StockPicker908) September 2, 2015
Will these other 2 unusual trading activity days before news be scrutinized now that it appears $titn is doomed http://t.co/Mo1LDseDyK
— tom renna (@StockPicker908) September 2, 2015
Anyone else recall the day in March 2015 when $titn was down 6% and then after the close they pre-announced warning? http://t.co/T1NniGWCyr
— tom renna (@StockPicker908) September 2, 2015
the last time $titn closed below $11.00 was November 17,2009 @ $10.98
— tom renna (@StockPicker908) September 1, 2015
Last time $TITN closed below $10 was April 23,2009 when it closed @ $9.88.. Last time the stock closed below $9 was on March 31,2009 @ $8.98
— tom renna (@StockPicker908) September 1, 2015
Hats off to @StockPicker908 for sticking w/his warnings on $TITN all the way down http://t.co/NMAM2lzW9c
— Herb Greenberg (@herbgreenberg) September 9, 2014
Congrats to a pair of determined stock sleuths: @adakcapital & their call on $CCRN and @StockPicker908 for his long-running work on $TITN
— Roddy Boyd (@BoydRoddy) March 10, 2015
From time to time I'm asked about analysts, diggers whose work I really respect, who do things well. Tom Renna, @GFNNstock, is a must follow
— Roddy Boyd (@BoydRoddy) September 7, 2013
Tuesday, September 1, 2015
TITAN MACHINERY Reports Q2 on September 9th
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








