Titan International (TWI -7.2%) plummets after CEO Maurice Taylor pulls an "I told you so"...

|About: Titan International Inc. (TWI)|By:, SA News Editor

Titan International (TWI -7.2%) plummets after CEO Maurice Taylor pulls an "I told you so" regarding reports of tire shortages. "I have stated over and over that talk of tire shortages [is] false," he says, adding that "in the past couple months, millions of dollars in tires have been dropped into the aftermarket from the OEMs in the farm and construction industries." Taylor notes that he will need to assess market conditions before giving specifics but warns previous guidelines "will be revised down." (PR)