Showing posts with label Market. Show all posts
Showing posts with label Market. Show all posts

Friday, August 28, 2015

Titan Machinery Closes at New 66 Month Low

February 2013 Warning TITN vs S&P 500 index
source : bigcharts.com









Friday, March 13, 2015

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