Investopedia: Is Titan Machinery Overpaying For Growth?
Investors have been getting more and more nervous about companies tied
to heavy vehicle sales in markets like agriculture and construction. To
some extent, then, I think the Street was looking for an excuse to
approach Titan Machinery's (Nasdaq:TITN) earnings with a skeptical eye. While equipment sales remain robust, margins have weakened and the company's aggressive expansion plans may be coming at too high of a cost if the ag sector has indeed seen its best days.