Titan Intl (NYSE:TWI)

	Recent 52-week high
	30% Earnings Per Share (EPS) growth rate
	10% revenue growth year over year
	Strong balance sheet
	15% minimum return on equity (ROE)
	8% minimum pre-tax margins
	Under 50 million shares outstanding
	High insider ownership
	Limited institutional ownership
	P/E at least 1/2 of EPS growth rate

On 12/22/2011 we added TWI to the GeoBargain list @ $18.99

Catalyst: Strong third quarter 2012 results and bullish conference call as well as strong revenue guidance for 2012.

After reaching $29.95 in May 2012 the stock has been in a steady decline. We had presumed that large insider insider purchases near TWI's high would have provided shares with support. However...

• The uncertainty over the demand for TWI products as a result of an unknown near-term outlook of the heavy equipment industry,
• A weak growth forecast issued by CAT yesterday,
• A weak GPR rating

...has forced us to remove TWI from the GeoBargain List @ $17.23

We will place the stock on the GeoBargain on the Radar list as we assess prospects for the company.

Current road block: Grim economic outlook from industry leader Caterpillar, plus a weakening GPR.

• Peak performance: Reached a high of $29.95 on 05/03/2012 for a maximum potential return of 57%
• Current Price: $17.23