| Author | Message | ||
     Blake |
http://www.reuters.com/article/companyNews/idUKN20 22497920091120?symbol=HOG.N Nov 20 (Reuters) - Harley Davidson Funding Corp (HOG.N) Twenty of more percent of which is apparently to cover the cost of killing Buell Motorcycle Company. | ||
| Lemonchili_x1 |
Ratings on the release: http://www.foxbusiness.com/story/markets/industrie s/entertainment/fitch-rates-harley-davidson-fundin g-corps-new-notes-bbb/ Excerpt: "CHICAGO, Nov 19, 2009 (BUSINESS WIRE) ----Fitch Ratings has assigned a rating of 'BBB+' to the $500 million (with potential of upsizing) in new senior unsecured notes due 2014 issued by Harley-Davidson Funding Corp. (HDFC), a fully guaranteed subsidiary of Harley-Davidson Financial Services, Inc. (HDFS). The Issuer Default Rating (IDR) for HDFS and ultimate parent Harley-Davidson Inc. (HOG) is 'BBB+', and the Rating Outlook is Negative." The bit I still don't understand is H-D has so much cash now, approx $1.5billion. It was in the 10-Q report too. What is this for? | ||
| Blake |
Apparently they are intending to spend more and want to maintain a certain amount of cash on hand. | ||
| Davegess |
4th quarter is always a very poor cash quarter for them so thye will burn though some case. Also I suspect they are looking at 2010 and thinking that bike sales will not see much if any of a rebound so they will be very tight. Could also be doing a Ford; borrow it while you can, if you wait until you are really losing no one will touch you. | ||
| Mmmi_grad |
I hope they choke on it! | ||
| Conchop |
Buy from American workers. Not the imported "licensed" labeled stuff. The management team is obviously unqualified. But the American worker needs to prosper. Spend your money wisely. | ||
| Ebutch |
Yes this is the age of RainBows.Rainbow Power!!!!   |
