Thursday, August 29, 2019

Short Pick: Beware Of Cashless Earnings.............again


Summary
Titan Machinery sales and profits are down dramatically from 2013.
Margins are too small for A 3rd Party Retailer to compete with Manufacturers like Caterpillar and Deere.
Lowered International Revenue Assumptions from up 10 to 15% to merely up 2 to 5%.
Beware of Cashless Earnings! Negative Operating cash for 6 months  FY2021 Negative -($14 million).
Titan Machinery entire growth model through the years has simply been a roll up of mom and pops. The Consolidation story here has ended as the company has closed locations over the last 5 years.  Titan is simply a cyclical stock that should only deserve maybe a PE of 6 to 10 and not trade as a teenager any longer above $13 with a PE in a range of nearly 30X.
Another Year with Insiders selling ahead of this morning's miss.
Well the good news is that CNHI has a dealership like Titan that they can ship machinery to and boost CNHI's sales. Titan doesn't mind as their assets go up on the balance sheet and most of the inventory is carried at ZERO Interest on the FloorPlan Debt. Win Win. (or is it, wink, wink)
The History of this Wall Street game can be found here https://newsgrade.blogspot.com/2018/06/titan-machinery-co-founder-is-companys.html

Sunday, August 11, 2019

United States Stock Market Capitalization of the 50 Largest American Companies - iWeblists

Index     Dec 31, 2018  July 31, 2019    %
SP500          2506                 2980         +19%
DJIA           23,327              26,864        +15%
United States Stock Market Capitalization of the 50 Largest American Companies - iWeblists
Closing Market Capitalization as of July31,2019
with Percentage increase since Dec 31, 2018

Closing Market Cap on December 31, 2018





Sunday, July 28, 2019

Sticky Fingers #7, Frank Malta Honored at St Vito Feast!

Elizabeth Mayor Chris Bollwage & Senator Joe Cryan presenting Frank Malta

Union County Softball Hall of Fame will induct its newest member Frank Malta, centerfielder from Sticky Fingers, on November 8, 2019. St Vito Feast in Peterstown, Elizabeth, NJ honored Frank on Saturday night July 28,2019. Mayor Chris Bollwage and Senator Joe Cryan were there to congratulate Frank. Harry Streep a pitcher from Sticky Fingers who was inducted in 2013 presented Frank with the award. Tom Renna was the host along with Peterstown Sports Historian Mike Guarino who was a third baseman from the Burg during the Fast Pitch days, Frank was given gifts from: Santillo Brick Oven Pizza on South Broad st. Tommy's Pizzeria & Restaurant on Fairmount Ave in Elizabet.h CubaNu Restaurant & Lounge on Main Street in Rahway.
the Pride of Peterstown #7
Congratulations to Frank Malta of Sticky Fingers who was informed this week from the Union County Athletic Association that he will be INDUCTED into the Softball Hall of Fame on Friday November 8, 2019 at Kenilworth VFW. 33 S. 21st St. Kenilworth.
Frankie Malta
 The Mickey Mantle of the Burg!!!
Frank has always been in the Peterstown Hall of Fame as a great athlete but also as a Great Guy!
On November 8th he will be inducted as a  member of the Union County Softball Hall of Fame and will join Sticky Finger pitcher Harry Streep who was inducted (in 2013).
7:30pm this Saturday night July 27,2019 at St Vito's feast on Fourth Ave in Elizabeth we will honor Frank. (click here)





Elizabeth Mayor Chris Bollwage & Senator Joe Cryan presenting Frank Malta







Clippings from A 1995 Article in the Star Ledger 






Peterstown Paper August 2013 download here.
Peterstown Paper Oct. 2013 downloaded here.

Sticky Fingers Photos After Frank retired through 1992
























I grew up in the burg and loved baseball, softball, family, friends and most of all Sticky Fingers. My big brother Peter started taking me to see my cousins Rusty and Frankie (married to my cousin Linda) play softball at O'Brien field since 1970 when I just 5 years old. All the best friends I ever made in my life were made at the playground. 
   We were all bat boys, scorekeepers, shagged fly balls, ran to store for drinks and just hung out and played run-in basses and stick ball and gutter ball. We all wanted to be like Frank and the Fingers! Anthony Colletti, Sal DeMaio, Mike Camicia, Nicky and Rich Pantina, Carmine Mazza, Sal Pichirello, Johnny and Vito Palmisano, David Higgins, Joe Sacco, Johnny Sacca, Anthony Candelino, Mario DiGiorgio, Danny and Joey Clemente, Patsy D'anna, Rocco Melchionne, Mikey LoBrace, Angelo Mike Russo, Joe Busichio, Joe Bruno Joey Venturini, Billy and Louis Mellilo, Tommy Triolo, Tommy Goodman, Pete Artega, Buddy Longo, Mike Anthony and Buzz Longo, Jimmy DiSalvo, Nicky Netta, Phil mike and Tommy Colicchio, and so many other friendships all started at the playground watching Sticky Fingers when we were all under 10 years old and still remain connected 50 years later.