TWI - Titan International: A Chance To Buy This $7 Stock At What Could Be Cyclical Lows
2024-06-23 08:18:04 ET
Summary
- Titan International is a leading producer of specialty tires for various industries, facing challenges due to high interest rates impacting the farming sector.
- Stock price has dropped significantly, but recent strategic moves and low valuation suggest potential for rebound.
- Potential upside catalysts include expected interest rate cuts and recent acquisition, while downside risks include trade issues and economic downturn.
Titan International ( TWI ) is a leading producer of specialty tires, such as for agricultural equipment, and other industries like forestry, mining, construction and even ATV's. It sells tires under various brand names including: Titan, Goodyear Farm Tires, and LSW. The farming and other sectors this company serves has been impacted by the big increase in interest rates over the past couple of years and other factors. High rates impact the ability and desire for farmers to buy new tractors and other major items, and it also can lead to a slower replacement cycle for tires on existing equipment. All of these concerns have pushed the stock lower, so I thought it would be an ideal time to take a closer look:...
Titan International: A Chance To Buy This $7 Stock At What Could Be Cyclical Lows