Wednesday, July 18, 2018

Hedgeye Shines Light on Farm Machinery & Equipment MFG

One of the top research firms on Wall Street is Hedgeye.
Yesterday on twitter a post by Jay Van Sciver included charts referencing Farm Machinery Equipment Manufacturers, John Deere Equipment Sales Price Realizations and Dealer Inventories.

HEDGEYE China Warning in 2017

Equities Research is Bearish the third party CNHI retailer Titan Machinery (NASDAQ: TITN).
Titan has seen annual sales fall from $2.2 Billion to $1.2 Billion in 4 years and the company has lost over $130 million (aggregate) over that period. Titan has seen 6 directors resign including its co-founder who suddenly resigned as president after suspicious trading was done in the stock prior to a new release. 
Titan trades at over $15 a share with a $350 million market capitalization and the company is at RISK of defaulting on the Wells Fargo Indenture due May 1, 2019.
To Read the Titan Machinery Red Flags see links below. 

Titan Machinery Files 10Q Sending Stock to New YTD Low