Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Is Titan Bottoming Out?

It's been a rough year for most companies that have much to do with the agriculture, earthmoving, or mining vehicle industries. Deere (NYSE:DE) is up a little, Caterpillar (NYSE:CAT) is down a little, Joy Global (NYSE:JOY) is down a little more and the two Titans (Titan Machinery (NASDAQ:TITN) and Titan International (NYSE:TWI)) are down even more. Although AGCO (NYSE:AGCO) and CNH Global (NYSE:CNH) are up pretty strongly over the past year, they're more the exception and perhaps benefiting from less reliance on North America.

In any case, Titan International is the stock I'm interested in for this article. This company has had an up-and-down history,...

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