| Author | Message | ||
     Hr_puffinstuff |
Saw this on another board, just thought i'd pass it along... (Reuters) Harley-Davidson Inc (HOG) shares jumped 5% in intraday trading today on news the company would immediately cease manufacturing motorcycles and focus instead solely on selling merchandise branded with its iconic orange-and-black logo. “While the environment remains challenging for us in regard to actual vehicle sales, we are encouraged by the continued strength in sales of Harley-Davidson branded merchandise, including not only traditional leather goods, but also product categories as diverse as toys, flatware, and bed linens,” says Keith Wandell, chief executive officer of Harley-Davidson, Inc. “Moving forward, our strategy is designed to strengthen the Harley-Davidson brand for long-term growth and deliver results through increased focus on the motorcycling lifestyle, although not on actual motorcycles per se." “As our previous announcements regarding Buell and MV Agusta indicate, we are moving with the speed and decisiveness required to fully exit the motorcycle business on an agressive timetable,” Wandell added. “The fact is we must focus both our effort and our investment on the Harley-Davidson brand, as we believe this provides an optimal path to sustained, meaningful, long-term growth." | ||
| Spdrxb |
Ya ok 4-1-2010 | ||
| Firebolt020283 |
wow so this guy is dead set on running a one time respected motorcycle brand completly into the ground. I mean he already made the name Harley equal to mud with over a 100,000 people in the world by killing the best thing they had which was Buell. But now he is going to turn it in in to a complete joke. | ||
| Hughlysses |
That's pretty dang funny. Oddly enough, that is the logical extension of Harley's current philosophy. | ||
| Cyclonedon |
new for Harley-Davidson motorcycles for 2011, a new color of chrome! Also a new line of factory installed tassels and three new heights of ape style handlebars. I can't wait to see the new models in person at a chrome and leather boutique store. | ||
| Firebolt020283 |
I looked on reuters for this article and found nothing of the sort so I think this is an april fools joke or something. | ||
| Hughlysses |
I think this is an april fools joke or something. Dude- take every post you read on here today with a big grain of salt. | ||
| P47b |
No but I did find this on Schaeffer's Investments. http://www.schaeffersresearch.com/commentary/tradi ng_floor_blog.aspx?single=true&blogid=98939 Trader Rolls Out a Bullish Bet on Harley-Davidson, Inc. 3/31/2010 12:40 PM permanent link Keywords: HOG Harley-Davidson, Inc. (HOG) attracted a healthy dose of call activity on Tuesday, with volume rising to nearly three times the norm. About 20,000 of these bullishly oriented options crossed the tape, easily outpacing HOG's average daily call volume of fewer than 7,200 contracts. The International Securities Exchange (ISE) confirms a ravenous appetite for calls on HOG yesterday, with speculators on this exchange buying to open 2,372 calls during the course of the session. By contrast, traders on the ISE bought to open just 44 puts on HOG yesterday, netting the shares a bullishly biased single-day call/put volume ratio of 53.91. The day's call-skewed option volume simply continued a recent trend for HOG, which has racked up a 10-day ISE call/put volume ratio of 1.38. This ratio ranks higher than 90.4% of other such readings taken during the previous year, marking a near-peak of optimistic speculation on this exchange. A healthy dose of Tuesday's call buying took place at HOG's May 27 call, where a block of 2,577 contracts traded for the ask price of $2.62 shortly before the close, sending implied volatility up 0.5%. Open interest at this strike jumped overnight, confirming these were newly opened calls. This block traded simultaneously with a group of 2,577 April 27 calls, but open interest at this strike dipped overnight -- suggesting that a bullish bettor was rolling out his April-dated calls into the May series. Bullish option volume has been rising on HOG as traders ponder speculation that a leveraged buyout of the motorcycle maker may be in the works. The shares have been consolidating near $28.50 in recent sessions, and they're currently resting easy atop short-term support from their 10-day moving average. -posted by Elizabeth Harrow 3/31/2010 12:40 PM | ||
| Firebolt020283 |
but I was hoping it was true so I could rub it in my dads face that his motorcycles company don't make motorcycle's any more either. |
