High tire inventories in the machinery and mining industries is biting the tire manufacturers. Titan International recently announced it would lower 2013 guidance as a result. This Zacks Rank #5 (Strong Sell) is expected to see earnings decline by over 12% in 2013. Titan International supplies wheels, tires and assemblies for off-highway equipment used in agriculture and earthmoving/construction. When agriculture and mining was booming, tire sales were too. In 2011, the farmers took home record ...
High tire inventories in the machinery and mining industries is biting the tire manufacturers. Titan International recently announced it would lower 2013 guidance as a result. This Zacks Rank #5 (Strong Sell) is expected to see earnings decline by over 12% in 2013. Titan International supplies wheels, tires and assemblies for off-highway equipment used in agriculture and earthmoving/construction. When agriculture and mining was booming, tire sales were too. In 2011, the farmers took home record ...
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