Titan Machinery Inc.  (TITN) Trade Now »     Rate TITN  -  Discuss TITN  -  Add to Watch List        

Titan Machinery (NASDAQ: TITN) is the latest darling of the so-called "Ag Boom". Titan Machinery sells farm and construction equipment via a network of 48 stores located in the upper Midwest – mostly in the Dakotas, Minnesota and Iowa. They exclusively sell Case and New Holland ag and construction equipment, all produced by CNH Global, NV (NYSE: CNH). The company came public in December 2007 with an IPO price of $8.50 and closed the first day of trading at $9.50. In the next 6 months the stock made steady progress towards $20, lingered in the low $20's, and in the last month

Filed under: Earnings reports, Technical Analysis, Deere and Co (DE), Stocks to Buy

Titan Machinery (NASDAQ: TITN) owns and operates one of the largest networks of full service agricultural and construction equipment stores in North America. The chain includes 48 dealerships in North Dakota, South Dakota, Minnesota, Iowa and Nebraska, each representing one or more of the CNH Global (NYSE: CNH) equipment brands. The firm sells new equipment, rents a range of machines and provides parts and repair services. Deere & Company (NYSE: DE) is a major competitor.

The company pleased investors earlier

Titan Machinery (TITN) operates 34 agricultural/construction equipment stores and two outlets offering new/used tractors and other machinery. Business couldn’t be better as this company continues to add to its portfolio of businesses with the most recent acquisition coming on 5/12 with a purchase of Mid-Land Equipment, a construction equipment dealer with 2007 revenues of $48.3 million. The terms of the deal were not disclosed. <!---->

However, the information that is disclosed on the company indicates that this could be a fantastic long-term stock.

Filed under: Forecasts, Bargain stocks, Stocks to Buy, Best Stocks for 2008

Most of us would be thrilled to invest in a stock that doubles our money, but it certainly isn't easy to find these stocks. According to data provider Capital IQ, in the last year only 1.4% of 6,700 stocks trading on the U.S. exchanges were able to double their price.

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