TITN - Titan Machinery Stock Analysis

By Johns Wu on Feb 12, 2008

Titan Machinery owns and operates full service agricultural and construction equipment stores in North America. The Company also sells and rents agricultural and construction equipment, sell parts, and service the equipment in the areas surrounding their stores. AGRICULTURAL-related industry is extremely hot right now. Look at POT, CF, MOS charts as an example.

TITN is a recent IPO, and it has a float of only 6 million shares. There is a very tiny short-interest base, which tells us that this stock has a lot of investors that are not doubting the company. There have been NO insider sales at all, since the lock-up period of 180-days doesn’t expire until June 2008.

The chart is very good (not overbought):

I have initiated a small position earlier today and will look for a re-test of the $18.50 level soon. TITN very well reach the low $20’s in the not-too-distant future.

Please do your own due diligence before buying any shares of TITN.

This entry was posted on Tuesday, February 12th, 2008 at 3:38 pm and is filed under Fundamental Analysis. You can skip to the end and leave a response. Pinging is currently not allowed.

6 Responses to “TITN - Titan Machinery Stock Analysis”

By chris on February 15th, 2008 at 3:12 pm

TITN is a good stock to hold. AGRICULTURE stocks are on fire for now. :) good find.!.

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By Darvastrader on March 19th, 2008 at 8:54 pm

POT, CF, MOS - yes, all are still technically strong and resilient to decline in the current market.
TITN - no, sellers in control here as shown by the declining OBV.

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