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Minding

Minding
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  • TT-034, Still In With A Shot [View instapost]
    Thanks Pannobhaso for your in-depth analyses.
    Apr 30, 2015. 07:36 AM | Likes Like |Link to Comment
  • Danger: Titan Machinery Bond Hits All-Time Low [View article]
    As I tweeted to you, the secret for TITN is their covenant. Not profits or losses. Their CFS has made no sense for too long and yet they continue to stay afloat. All that matters in the preliminary results released:

    The Company anticipates amending this covenant associated with this credit facility effective as of the end of its January 31, 2015 fiscal year and for future periods, and therefore does not anticipate being in violation of any covenants as of January 31, 2015.

    This is like watching a magic show!

    Kind regards,
    Minding
    Mar 12, 2015. 01:45 PM | 1 Like Like |Link to Comment
  • Benitec Q&A Meets ASX Rules [View instapost]
    Neither blood from a rock nor clarity from a company trading on a stock exchange. ;)
    Mar 6, 2015. 10:24 AM | Likes Like |Link to Comment
  • Elite Pharma set to begin abuse-deterrent opioid Phase 3 trial [View news story]
    We'll listen for clarification on FDA angle during the CC.

    I don't expect to hear Nasrat has heard a thing based on the fact he didn't tell us he had heard a thing from the FDA in the release.

    That's the news and while not horrible it's not an improvement over what we have known in recent months.

    So we're in a holding pattern. Still.

    Not impressed with revenues this Q either.

    Kind regards,
    Minding
    Feb 18, 2015. 08:35 AM | 1 Like Like |Link to Comment
  • Elite Pharmaceuticals Is Well Positioned To Address $7B Abuse Deterrent Opioid Market [View article]
    So back to Doug's question:

    "Just to be clear, how long can they last at current burn rates, without more dilution?

    "I ask this because they already have a hefty float. More dilution isn't going to help the .24 share price."

    Doug, there is no satisfying answer if only because none of the delays was forecast and each delay takes more from the kitty.

    Any investor who's been in a stock before and after dilution knows the pain. The current float and the possibility of dilution are risks that should be factored into any investment.

    With ELTP as with many penny stocks and as with many companies that face continuing delays, the risk is heightened. It's the price of entry and the reason many good prospects go under.

    Avoiding dilution is all about managing resources. With ELTP the challenge is for Nasrat to balance the cost of R&D (which he accelerated) with available cash and income. Though he came with a great deal of experience he is unproven as a CEO. All we can do is wait, read SEC reports, and hope he does it well.

    Kind regards,
    Minding
    Jan 30, 2015. 09:38 AM | 2 Likes Like |Link to Comment
  • Macroeconomic Events Increase Titan Machinery's Risk Of Bankruptcy [View article]
    They don't look or sound like they're ready to give up. Creditors don't seem to be calling their chits. In the CC Q&A, did anyone show concern about violating the credit agreement? Inventory concerns, yes. Credit agreement, no.

    I wonder if the key factor in Titan's surviving the EPS Syndrome, which I can not question since I don't have the formula, is the difference between running a company and analyzing a company. When you run a company, assuming you're not a crook, you do what you need to do to survive; you move pawns and knights and bishops, utilize the power of the queen, even put forth the castle. When we analyze a company, it's difficult to factor in the survival mechanism.

    TITN management reminds me of YRCW management -- hell-bent on surviving. We'll see if they do, but for now they don't seem to have run out of moves.

    Kind regards,
    Minding
    Dec 10, 2014. 10:34 AM | Likes Like |Link to Comment
  • DdRNAi Center Of Excellence [View instapost]
    It is a joy to invest in projects like this and I value your investigative work, but I don't see this panning out for investors in the short term. BWDIK!

    Kind regards.
    Nov 10, 2014. 07:58 AM | Likes Like |Link to Comment
  • Titan Machinery Shares On The Verge Of Collapse Due To Extremely Weak Financials And Plummeting Crop Prices [View article]
    SI, I found it on iHub: http://bit.ly/1uZWBiL

    I'll try again:
    http://bit.ly/HyqmxE;jsessionid=67C83A46C5...
    Sep 19, 2014. 09:57 AM | Likes Like |Link to Comment
  • Titan Machinery Shares On The Verge Of Collapse Due To Extremely Weak Financials And Plummeting Crop Prices [View article]
    Interesting article. If farmers' bills are less, they can direct funds towards equipment:
    http://bit.ly/HyqmxE;jsessionid=EB3045E230...
    Sep 17, 2014. 02:02 PM | Likes Like |Link to Comment
  • Titan Machinery Shares On The Verge Of Collapse Due To Extremely Weak Financials And Plummeting Crop Prices [View article]
    Mr. Markowitz, it would be interesting to get your perspective following the most recent quarter.
    Sep 16, 2014. 09:31 AM | Likes Like |Link to Comment
  • Titan Machinery Shares On The Verge Of Collapse Due To Extremely Weak Financials And Plummeting Crop Prices [View article]
    Pretty impressive (Sep 10 trade): http://bit.ly/X6s3R5
    Sep 12, 2014. 08:30 AM | Likes Like |Link to Comment
  • Titan Machinery Shares On The Verge Of Collapse Due To Extremely Weak Financials And Plummeting Crop Prices [View article]
    SI, my line of thinking took off from your mention of AutoNation.
    Sep 12, 2014. 07:36 AM | Likes Like |Link to Comment
  • Danger: Titan Machinery Bond Hits All-Time Low [View article]
    I understand their agreement with Wells Fargo requires them to stay able $5M TTM going forward.
    Sep 11, 2014. 05:29 PM | Likes Like |Link to Comment
  • Titan Machinery Shares On The Verge Of Collapse Due To Extremely Weak Financials And Plummeting Crop Prices [View article]
    StrategicInvestor presented a strong point regarding application of the EPS Syndrome to TITN. If I can paraphrase my understanding (please correct me SI), TITN's business dictates CFS numbers that might make companies in other types of businesses cringe. The farm-oriented aspect of their business is by its nature shaky; one need only look at the 10-K Risk Factors. They expect to be walking a tightrope in a variety of economic circumstances. Have you done a comparison with other distributors, say for Caterpillar or Deere or other equipment? Is TITN unique?

    Thanks.
    Sep 11, 2014. 04:22 PM | Likes Like |Link to Comment
  • Titan Machinery Shares On The Verge Of Collapse Due To Extremely Weak Financials And Plummeting Crop Prices [View article]
    One minor point to add: With used equipment (and not selling new equipment) they will be selling more parts which gives them a higher margin than equipment but doesn't strengthen their position.
    Sep 11, 2014. 09:29 AM | Likes Like |Link to Comment
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