TITAN MACHINERY. Finance and Investment Club at UC Davis. 20/20 Foresight Chad Eatinger Malek Helo David Liu Kevin Yip. Company Profile. American company founded in 1980 and located in North Dakota. Operates in the Services sector and the Specialty Retail (other) industry.
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Sell and rent construction and
Service equipment at retail
Industry: Agriculture Equipment Retailer
Unfortunately, Titan announced it would sell 3.5 million of its shares that very same day
W formation showing double bottom
~18.69 Deere and Co.
~Industry is at 18.06
-60.90% per quarter: 17.50% Deere and Co.
-Expansion on the horizon:
-In May 2008, the Company acquired Quad County Implement, Inc., a farm equipment dealership of CaseIH and brands in Blairstown, Iowa.
-They have the makings to expand their market.
-Agriculture is hot right now.
-Growth in the International market
We rate TITN a Moderate Buy at its current levels. With quarterly revenue growth over 60%, TITN is undertaking tremendous growth. The demand for agriculture equipment is at an all time high, and TITN is well positioned within its US market to take advantage of such strong demand. However, TITN remains susceptible to market fluctuations which is evident in the stock’s movements over the past month.