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ltse2012

ltse2012
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  • Declining Profits And Higher Credit Costs Add Risk To Titan Machinery As A Going Concern [View article]
    "Based on Titan's current tangible book value of approximately $370 million at April 30th the company's total liabilities can not exceed $1.20 billion at July 31st or October 31st and $1.11 billion at January 31, 2015. Due to Titan's having total liabilities of $1.19 billion for its quarter ended April 30th it's currently within $10 million of the maximum permitted by October 31st. The current amount exceeds the $1.11 billion in total liabilities that Titan is permitted to have at January 31, 2014, by $80 million."

    The last line is that a typo, do you mean "Titan is permitted to have at January 31, 2015, by $80 million." and not 2014?
    Aug 27 12:21 PM | Likes Like |Link to Comment
  • It's 'Sell In May' Time But The Sky Isn't Falling [View article]
    "So stocks in the US are cheap. But there is a big proviso here - they will only remain cheap if earnings continue to grow or at least do not fall materially."

    That's the problem, what if the current earnings are only the result of the Fed's QE programs? what if interest rates are not at zero? what if when interest rates rise to the historical norm of 5%? would that not curtail both corporate and retail spending? and therefore earnings?

    The equities are only cheap at current levels given the interest rates, this is clearly not sustainable.
    May 25 02:46 AM | Likes Like |Link to Comment
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