Titan Machinery Convertible Bond Nears All Time Low

Titan Machinery (NASDAQ: TITN)
Convertible Bond 3.75%  Maturity:2019.
Currently selling for $85.25 w 7.28% yield.

Bond Market is the true tell on weakness of balance sheet

Date of Offering : April 18,2012 

Amount of Debt: $150 million Convertible

http://www.cherrytree.com/news/releasearchive/titan_0412.htm

Click to Wells Fargo $150 million Indenture disclosure with SEC 
"The effective interest rate of the liability component for the period ended January 31,2013 was equal to 7.00%"

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