Posts of Titan Machinery's Decline from $30 to $14

Friday, August 24, 2012

Weakening Cash Flow at DICK'S & TITAN 

Monday, September 10, 2012

Titan Reports, Misses, Cuts, ....Drops

Tuesday, April 9, 2013

Titan Machinery Reports in Morning

Thursday, April 25, 2013

Most OverPriced Stock Titan Machinery Files Proxy Statement

Thursday, May 16, 2013

March Newsletter Performance 9 out 10 Picks " In The Money"

Thursday, May 16, 2013

13 out 15 February Newsletter Picks "In the Money"


Tuesday, June 4, 2013
TITAN STOCKHOLDERS Did NOT APPROVE PROPOSAL 3


Monday, August 12, 2013

Titan Machinery Warning


Wednesday, September 4, 2013
Don't Trust Titan Machinery's Guidance


Thursday, September 5, 2013

Titan Machinery EPS Falls 73%

Wednesday, December 4, 2013

Greg Harmon Technical Chart of Titan Machinery

Friday, December 6, 2013

Equities Research Gets Recognized For Titan Machinery Warning
Wednesday, December 11, 2013

Reseller Can't Compete with Manufacturers


Tuesday, March 11, 2014

Top Short Pick: TITAN MACHINERY


Friday, April 4, 2014

Titan Machinery Convertible Bond Nears All Time Low


Monday, April 7, 2014

A Review of Securities & Exchange Commissions Comments regarding Titan Machinery Disclosure


Friday, April 11, 2014

Warning: Don't Buy Titan Machinery Guidance


Sunday, April 13, 2014

10K FootNote: Wells Fargo Tightens Debt Agreement (again) on Titan Machinery


Thursday, June 5, 2014

Titan Machinery Reports Q1 Loss of ($0.20)


Thursday, June 12, 2014

Don't Assume Titan Machinery Will Be Profitable because Management Says So


Thursday, June 19, 2014

New Credit Agreement Requirements Makes Titan Highly Speculative



archived statistics with Stockdiagnostics Charts of Titan Machinery

http://www.equitiesresearch.com/news.asp?Title=titn

Stockdiagnostics Examines Titan's Q3 Financials

Stockdiagnostics' chief market strategist, Michael Markowski, published the following report Knobias this morning @ 9:56am.

Probability of 2014 Bankruptcy for Titan Increases After it Files Quarterly Report

By Michael Markowski

The probability of Titan Machinery (NASDAQ:TITN:$15.00) having to file for bankruptcy by the end of or sooner than the end of 2014 has increased significantly based on its 3^rd quarter 10/31/13 financials that it filed yesterday.  In a report “Tractor Pull for Titan Machinery May be Over by Tomorrow” which was published on December 4, 2013, I had predicted that Titan would file for bankruptcy by the end of 2014.  

Titan’s Income Statement, Balance Sheet and Cash Flow Statement data deteriorated over the 90 day period.  Titan’s revenue for its 3^rd quarter increased by less than 1% from $582.1 million in the year ago quarter to $588.0 million.  It also reported that its inventory increased by 10% to $1.2 billion from its quarter ended July 31, 2013.  Finally, Titan operating cash flow for the quarter was a negative $59.8 million.  Titan has generated negative quarterly operating cash flow in nine of its last 10 quarters.

Titan is following a similar script that I have seen played out by numerous companies that StockDiagnostics.com has diagnosed as having “The EPS Syndrome”.  Notable companies who were previously diagnosed with this negative operating cash flow anomaly include Bear Stearns, Merrill Lynch and Lehman Brothers.  Here is the typical script:   

1.                  Company utilizes archaic SEC accrual accounting standards to report growing cashless earnings.

  

2.                  Wall Street analysts recommend shares based on earnings growth.

3.                  Wall Street investment bankers who are affiliated with analysts raise capital for company to generate commissions.

4.                  Commercial banks and suppliers provide loans and credit lines based on the increased equity.

5.                  After the company maximizes its ability to raise additional debt and equity capital revenue growth flattens.

6.                  Company sells inventory at losses and creates declining revenue and EPS losses.

7.                  Company loses option to sell or issue equity to raise capital due to both fundamentals and share price momentum turning negative.  Also loses ability to increase borrowings.

8.                  Company’s fundamentals and share price continue in downward spiral as it liquidates inventory at declining prices to raise cash.

9.                  Company has no choice but to file for bankruptcy since it has debt and can not raise cash.

Titan was first diagnosed as having The EPS Syndrome on September 8, 2011 at a price of $26.41.  Its among several institutionally held public companies who have Wall Street analyst Buy Ratings that StockDiagnostics.com has diagnosed with extreme or severe cases of The EPS Syndrome or cashless earnings. 

There have been 93 companies diagnosed with The EPS Syndrome during 2013 and more than 2,500 since 2002.  The share prices of approximately 70% of the companies diagnosed are below their diagnosis price.  Share prices have fallen by at least 50% for half of those companies that have been diagnosed as having the EPS Syndrome.  A four minute video that explains The EPS Syndrome is available.

Stockdiagnostics Detects EPS SYNDROME

click to view the THE PERFECT SHORT (4 minutes that will change your view of EPS forever)

September 9,2013
  9:09am 
There is nowhere for Titan Machinery to Hide 
(StockDiagnostics.com) Based on recent developments I now believe that 2014 will be the year that Titan Machinery will file for bankruptcy due to the following reasons:. continue reading at Knobias .Contributed by Michael Markowski, Founder of StockDiagnostics.com
source Knobias

to view this entire coverage : 
learn more: (from the early days Suprema Specialities & Astro Power)
EPS vs. OPS

Titan Notes:
EPS falls 73% 

Top Execs' Outside Entity $100 million Leases

Past Warnings from Stockdiagnostics.com

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Titan Reports, Misses, Cuts, ....Drops

Titan Machinery (TITN) an Equities Reearch warning from last week reported numbers this morning (except for it's statement of cash flow) and stock is down 20% under $20 in early trading.

Weakening Cash Flow at DICK'S & TITAN

Equities Research issued two new Warnings this week.

Dick's Sporting Goods, Inc (NYSE: DKS) filed their 2nd Quarter financials this morning with the Securities & Exchange Commision and reported an Operational Cash Flow decline of 46% for the first 6 months of FY2012 vs. same period FY2011.
Equities Research also believes that this weakness could negatively effect Under Armour (NYSE: UA).
Equities Research continues to recommend Under Armour as a STRONG SELL since June 11,2012.


Titan Machinery (NASDAQ: TITN). 
Equities Research issued a Strong Sell on the stock earlier this week. TITN has generated negative $300 million in operational cash for it's trailing 14 quarters and trades at a $500 million market capitalization.

CVR Energy Detected With EPS SYNDROME!!!

CVR Energy (NYSE:CVI) detected with EPS Syndrome and the stocks ranking has been SUSPENDED by Stockdiagnostics. CVR Energy, Inc.

CVR Energy, Inc.

<click to CVI Stockdiagnostics OPS chart

<click to CVI Stockdiagnostics FCF chart