Re: Titan Machinery Inc (TITN)
Anybody recently review this stock as a value BUY? Been going through a few of my farming video's and discovered many of the tractor tires on these very expensive DE machines use the TITN tires (includes their 'Big' and row tires).
Titan Machinery represents a diversified mix of agricultural, construction, and consumer products dealerships located in the upper Midwest. Their Shared Resource Headquarters is located in the heart of the Red River Valley in Fargo, ND. Titan Machinery is a dealer for Case IH, Case Construction, New Holland, and New Holland Construction. Titan Machinery also represents shortline equipment to meet specialized customer demand and niche product needs. According to BARD:
They are an authorized dealer for a number of leading construction and agricultural equipment manufacturers, including Caterpillar, John Deere, Komatsu, Volvo, Terex, Case IH, New Holland, John Deere, CNH Industrial, and Massey Ferguson. This means that they can sell you new and used equipment from these manufacturers, as well as provide parts, service, and financing.
Titan Machinery has over 150 locations across the United States and Canada
I like the low PE & Debt but that makes sense as they are a representative and provide onsite services as an authorized dealer and basically do little to no manufacturing.
Will be looking to start a position as I have little to no exposure to DE, AGCO, CAT only smaller niche players. Lots of the farmers buy/trade used equipment and TITN does that too. |
