TWI - Titan International: Still A Solid Opportunity Heading Into Earnings
2024-02-18 05:22:47 ET
Summary
- Titan International's shares have seen upside of 20.4% since September 2023, nearly doubling the performance of the S&P 500.
- Despite worsening fundamental conditions, the company remains of high quality and shares are still cheap enough to justify continued upside.
- This is in spite of the high likelihood that the industry will continue to push pain onto the business.
One of the most beautiful things about value investing is that, even when fundamental conditions for a business are worsening, that business can still make sense to buy into. If you can buy shares at a cheap enough price, upside can be rather significant. Although I never bought shares in this particular player, one firm that I did rate a 'buy' that has turned out in a positive way in recent months is Titan International ( TWI ). Since I last reiterated my 'buy' rating on the stock in September of 2023, shares have seen upside of 20.4%. That's almost double the 11.8% seen by the S&P 500 over the same timeframe....
Titan International: Still A Solid Opportunity Heading Into Earnings