The only thing for sure about Titan Machinery's (NASDAQ: TITN ) next set of results is that they are likely to spark some significant volatility in the stock price. The agriculture and construction dealership faced a multitude of issues in 2013, not least from strong competition from Deere (NYSE: DE ) and AGCO (NYSE: AGCO ) in Titan's core agricultural market. Meanwhile, Caterpillar's (NYSE: CAT ) attempts at reducing construction machinery inventory are likely to have hurt its other segment.
Moreover,Titan's main supplier, CNH Industrial (NYSE: CNHI ) , has been rolling out machinery with new Tier 4 technology (higher emission standards), and Titan has found it hard to pass pricing on to its customers. All told, the stock has had a lot of bad news priced in and is down nearly 47% in a year. Is now the time to buy it as a value play?