Friday, December 4, 2015

Titan Machinery Trading Near Multi Year Low

A letter to readers.

Good morning,
yesterday Titan reported FY2016 Q3

How much is Titan Machinery worth?

Titan has a Market cap over $200 million.

The company for 9 months ending Oct 31,2015 
Sales were $1 Billion and net income was $1.2 million

Not a very good business model and in my opinion a company that is worth less than $100 million. (under $5)

Cash declined from January 31,2015 to October 31,2015 from $127 million to $78 million.

Sales for 9 months fell compared to 9 months a year ago from $1.4 Billion to $1 Billion

In 9 months FY 2015 when the company reported $1.4 billion in sales, net income for those 9months was $2.2 million.

titan still has not filed their 10Q

any questions or comments are welcomed.

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