JimZiemer posts

Feed

Will Harley-Davidson (HOG) ride again?

Imagine a manufacturing and wholesale distribution company whose fortunes are dependent on higher-income customers with discretionary income, readily available access to credit and an optimistic view to the future. Now add a financial services component that extends credit to the company's dealers and customers.

Harley-Davidson (NYSE: HOG) is just such a company.

Harley is a classic case of a company that prospered immensely from the combination of an aging baby boomer population and a massive increase in the appearance of wealth resulting from unprecedented increases in home values and a stock market that exploded to new heights during the last 10 years.

Now that both of these bubbles have burst, HOG is feeling the impact of a recalcitrant consumer and mounting problems with the loan portfolio of its financial arm, Harley-Davidson Financial Services (HDFS).

As an American icon, Harley Davidson's line of heavyweight touring, custom and performance motorcycles is the most visible (and audible) symbol of American self-indulgence.

Continue reading Will Harley-Davidson (HOG) ride again?

Harley-Davidson (HOG) profit slips 26.3% in fourth-quarter

The market continues to extend yesterday's rally, following an agreement by U.S. leaders to a stimulus plan to avoid a major slowdown in the country's economy, but motorcycle giant Harley-Davidson Inc. (NYSE: HOG) shares are in the red after posting a deep decline in its quarterly profit.

Harley-Davidson reported this morning a drop of 26.3% in its fourth-quarter profit, following weak motorcycles sales in the United States. The American market is its biggest and most important market.

Jim Ziemer, the company's chief executive, blames the "challenging" retail environment for the company's disappointing profit which fell to $186.1 million, or 78 cents per share. Harley-Davidson posted a net income of $252.4 million, or 97 cents per share in the same period a year ago. The results came in short of analyst estimates for a profit of 82 cents per share.

Continue reading Harley-Davidson (HOG) profit slips 26.3% in fourth-quarter

Symbol Lookup
IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 27, 2012: 03:09 AM

Hot Stocks

General Electric

19.20-0.05(-0.26)

Alcoa

8.630.00(0.00)

Apple Inc

562.29-3.03(-0.54)

Google Inc 'A'

591.53-12.13(-2.01)

Bank of America

7.15+0.01(+0.14)

Wal-Mart Stores

65.31+0.24(+0.37)

Exxon Mobil Corp

82.08-0.53(-0.64)

Ford

10.60+0.01(+0.09)

Citigroup

26.47-0.19(-0.71)

IBM

194.30-1.79(-0.91)

Yahoo

15.36+0.01(+0.07)

Starbucks

54.56-0.20(-0.37)

Microsoft

29.06-0.01(-0.03)

Home Depot

49.44-0.27(-0.54)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1338102591901 ms.