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What: Titan International
So what: Earnings per share of $0.11 crushed analyst estimates of $0.03 and revenue of $222.8 million topped estimates of $172.5 million. This follows a solid second quarter that sent shares up 23%, and management pointed to a good 2011.
Now what: Titan International, which manufactures wheels and tires, is on a roll since reporting losses through the fourth quarter of 2009. On Oct. 1, the company bought back $138.9 million of debt, showing management's confidence in future operations. I'm not buying today, given a higher valuation than competitor Carlisle Companies
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