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11
Titan Logix is positioned for its next leg up
Posted by: Gerry Wimmer
5/11/2014
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TOP IDEAS: Titan Logix (TSXV: TLA) has flagship products, new market opportunities and plenty of cash to deploy to reward small cap investors.



Note: Investorfile’s share price accumulation target of $0.75 for Titan Logix Corp. was reached on February 5, 2013. For the record, we do not revise share price targets for our Top Ideas – Small Cap Value Stocks. We have positioned our blog to be one of the first providers for a pragmatic perspective of a small cap company stock’s potential worth, where there may be uncovered value that has been largely overlooked by the investment community.


Last year we wrote the blog: Titan Logix is building value for the long-term. Since then, Titan Logix Corp. (TSXV: TLA -$1.28) stock trades 64% higher and we still like the long-term growth potential for this Company.

Titan Logix is an industrial technology company focused on manufacturing and marketing advanced fluid management solutions. The Company's flagship product, Guided Wave Radar (GWR) gauges for fluid level measurement and overfill prevention (used in crude oil tanker applications), has been Titan’s main sales growth driver.

For the first six months of fiscal 2014 Titan Logix revenues were $8.23 million (up 2%), EBITDA of $1.99 million and EPS of $0.05, which is primarily attributable to sales of its fluid management product offerings for mobile crude oil tanker trucks and trailers in USA and Canada. Sales to the tanker industry continue to be the backbone for the Company’s revenues in a market that it now dominates.

Over the long-term, Management has stated that the Company’s top priorities are continued product innovation and establishing partnerships to increase revenue and growth through diversification into new markets.

Recent developments indicate Titan’s growth plans are occurring.

First, to further expand Titan’s position as the leading gauge supplier to the tank and trailer market, the Company signed an agreement with UK-based MechTronic Limited to be the sole distributor of its advanced refined fuels gauging system for the Americas. This strategic partnership enables Titan to advance into the refined fuels market, which the Company says has an even larger market potential than the crude oil market that Titan currently serves. A full commercial sales launch is expected later this year.

Second, last year the Company invested in R&D programs to develop new product gauges for fluid level measurement to serve niche tanker markets including aviation fuel, chemicals and used oil. Titan Logix has said they are starting to see a growing acceptance of these new products resulting in orders received from customers in these targeted markets. The Company says it continues to strengthen its research and development team.

Finally, to complement the organic growth opportunities is the potential for acquisitions. Titan Logix is flush with cash ($10.6 million) and has no debt.

For small cap investors, Titan Logix has been strong performer since we first recommended the stock (See: Titan Logix: Fluid in value and growing rapidly). But we feel this growth story is not over yet.

Titan Logix has approximately 25 million shares outstanding.

Titan Logix’s website www.titanlogix.com

Author Ownership Disclosure: TSXV: TLA- Yes


Read Disclaimer:

This article is for informational purposes only. This article is based on the author's independent analysis and judgment and does not guarantee the information's accuracy or completeness. The information contained in this article is subject to change without notice, and the author assumes no responsibility to update the information contained in this article. The information contained within this article should not be construed as offering of investment advice. Those seeking direct investment advice, should consult a qualified, registered, investment professional. This is not a direct or implied solicitation to buy or sell securities. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock.

Investorfile.com is not engaged in an investor relations agreement with Titan Logix Corp. nor has it received any compensation from Titan Logix Corp. for the preparation or distribution of this article.

The author of this article has acquired and may trade shares of Titan Logix Corp. through open market transactions and for investment purposes only.

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Gerry: Thanks for small cap stock suggestions over the past 5-years. Your record is very impressive and your analysis has been excellent over the years. I think small investors (and fund managers) should pay much more attention to your work. I look forward reading your blog over the next 5-years!