Titan Machinery Reports Q2: Negative Operational Cash Flow for FY2019 6 Months (an $80 million decline)

Titan Machinery Fy2019 Q2 Operating Cash Flow declines 50% from FY2018 Q2
Titan Machinery reported negative operational cash flow for 
FY2019 6 months for period ending July 31,2018.  For 6 months ending July 31,2018 Operational Cash flow declined from positive $66 million in FY2017 6 months to a negative ($14 million) for FY2019 6 months.

Titan Machinery Q2 Current Liabilities Skyrockets 150%

Titan Machinery (NASDAQ: TITN) current liabilities for period ending July 31, 2018 increased from $328 million to $480 million, a 150% increase since January 31,2018. 

Tax Rate for FY2019 Q2 was 21% vs 35% for Q2 Fy2018 

Friday, June 8, 2018

Titan Machinery Files 10Q Sending Stock to New YTD Low

Wednesday, June 20, 2018

Titan Machinery Co-Founder is Company's Underwriter

What to Look For: Titan Reports Q3 Thursday Pre Market

Equities Research Bearish Titan Machinery 

As of July 31,2015 Titan Machinery had current liabilities of $692 million. The company's cash position declined from January 31,2015 to July 31,2015 from $127 million to $95 million.

Bonds (2019) on Friday traded at an all time low of $63.61 w 18.56% yield.

TITN trailing ttm total gross profit $275m ($69m/qtr), total SG&A $246m ($62m/qtr), total Interest Exp $34m ($8.5/qtr)

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Titan Machinery Trade Card can be found here with complete fundamental and technical analysis.

Keep in Mind as you look at the Below charts that Titan has a $12.28 per share stock price and a $265 Market Capitalization. How much would you be willing to pay for this entire business model?

To look at the below chart of Titan Machinery Earnings From Continuing Operations Margins %

Revenue Trailing Twelve Months, 1-Year Growth % & EPS Net trailing twelve months

$TITN for trailing twelve months loss NEGATIVE - ($31.4 Million) Market Cap $260 Million. Cur Liabilities $730 Mil https://t.co/vXj4QUczmJ

— tom renna (@StockPicker908) December 1, 2015

$TITN Wall St Cons EPS Est FY2016 is $0.10 for full yr end Jan 31,2016. PE RATIO 125 Debt to EBITDA ratio ratio 25 https://t.co/bfb5cnhlzd

— tom renna (@StockPicker908) December 1, 2015

$TITN Wall St Consensus Estimates for FY2017 is $0.35 EPS , local MN brokerage has $0.94 EPS est https://t.co/hVV4t1sgMj

— tom renna (@StockPicker908) December 1, 2015

$TITN Need to beat Wall St $0.21 EPS Est Q3 on Thurs by $0.10 per share.Less than $0.30 is non compliant w 6th Amend https://t.co/q2GFTv3gke

— tom renna (@StockPicker908) December 1, 2015

If $TITN y Meets Q3 estimates on Thursday $0.21 EPS they will be Non Compliant to Credit Agreement Terms https://t.co/HBs1oTnYX1

— tom renna (@StockPicker908) December 1, 2015

Titan Machinery Closes at New 70 Month Low

Titan Machinery (NASDAQ: TITN) closed at a new 70 month low yesterday @ $10.88 after reaching a new multi intra day low of $10.68.

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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

TITAN BONDS MAKES NEW ALL TIME LOW

Titan Bond (2019) Makes NEW ALL TIME LOW this morning  @ $66.50 yield 14.88% 

Recent 8K : Board Member to Resign 

  TITAN MACHINERY (NASDAQ: TITN) warned earlier this week that the company expects to be in non compliance of the covenants in the $150 million convertible note with Wells Fargo. The company says the terms of the note require the Company to earn a minimum net income for the FY2015 period that ended as of January 31,2015.
On Monday the company stated that they expect to lose nearly $32 million for FY2015 when the audited financials get reported on April 15,2015.  On July 2,2013 or July 8,2013 (read why date is important here) Deloitte & Touche LLP replaced Eide Bailly LLP, the company's long standing auditor  since the company's Initial Public Offering. 

A Review of Securities & Exchange Commission's Comments regarding Titan Machinery Disclosure

Technically " on way to Head and Shoulders target below", greg harmon

$TITN chart: @stockpicker908 Working through prior consolidation area . http://t.co/D7Fy58CTtN
— Greg Harmon, CMT (@harmongreg) March 13, 2015