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Titan Machinery?
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STOMN
Posted 9/1/2017 07:55 (#6222351 - in reply to #6222310)
Subject: RE: Titan Machinery?


West Central MN
boatload - 9/1/2017 07:41

Every used combine on their lot is like a gold mine for them because of future repairs. I don't think the selling price of their used machines is a big deal if they can keep the machine local and do the future service work.


Saying that is like a dealer saying. Look at all those farmers with bins full of corn. They're going to make so much money. Pricing used combines and corn is like catching a fall knife right now. Say the average combine repair bill is 20k per year and they net 10%. $2000 doesn't go very far when a lot of combines got written down 20% to get sold and the ones that didn't are still on the lot collecting more interest payments. I'm not defending them I'm just saying they're no way they're a gold mine they are debt anchors that they are trying to unload.
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