Professional
Added to YB: 2024-03-26
Pitch date: 2024-03-22
TITN [bearish]
Titan Machinery Inc.
+31.03%
current return
Author Info
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Company Info
Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia.
Market Cap
$360.4M
Pitch Price
$23.62
Price Target
N/A
Dividend
N/A
EV/EBITDA
187.36
P/E
-5.84
EV/Sales
0.56
Sector
Trading Companies and Distributors
Category
N/A
Titan Machinery: UPDATE - CLOSED
TITN: Exited position, down 15% since July. Operational improvements reversed by crop price volatility & supply chain issues. Inventory at record $1.3B, turnover <2 from 3.5 peak. Low farm income may hurt margins as farmers delay purchases. High fixed costs & 4% net margin mean small gross margin swings have outsized impact on profits.
Read full article (1 min)