| Author | Message | ||
     Dbird29 |
http://www.detnews.com/article/20100420/BIZ/420038 5/1148/auto01/Harley-Davidson-1Q-profit-skids-71-p ercent From The Detroit News Milwaukee -- Harley-Davidson says its first-quarter profit fell 71 percent as the company continues to deal with falling motorcycle sales. Harley-Davidson CEO Keith Wandell says business conditions will remain challenging throughout the year. The company says it earned $33.3 million, or 14 cents per share, during the three months ended March 28. That's down from $117.3 million, or 50 cents per share, a year ago. Excluding losses from discontinued operations, the Milwaukee company made 29 cents per share. Revenue fell 19 percent to $1.04 billion. Analysts expected profit of 22 cents per share on $1.02 billion in revenue. | ||
| Jaimec |
And despite that news, the friggin' stock skyrockets UP. I swear the market makes NO sense to me sometimes. | ||
| Ft_bstrd |
Profit is still profit. Sometimes Wall Street reacts to the fact that the news isn't as bad as expected. | ||
| Cyclonedon |
now if only Keith Wandell and Harley-Davidson's Board of Directors would take a 71% pay cut for their poor leadership of the company, they might not make such hasty decisions such as the purchasing MV Agusta and the closing of Buell Motorcycle Company. Bad decision making always seems to lead to the loss of profit. | ||
| Mikef5000 |
Seems I was just reading about BMW having record sales? Something about a new Sportbike? huh. weird. | ||
| Fahren |
Yeah, as in, "the #1 best-selling sportbike in 1st quarter." But who would want to buy a sportbike?!? | ||
| Mikef5000 |
Not the younger generation. That's for damn sure. | ||
| B00stzx3 |
I'm playing the world's tiniest violin for HD. Poor brupabrups  | ||
| Jaimec |
In all fairness, didn't the purchase of MV Agusta occur BEFORE Wandell came on board? The former CEO was far more "forward thinking" than Wandell, but unfortunately it takes a lot more than just ONE forward-thinking individual in a company like Harley. You need to eliminate a lot more dead wood to enact a sea change in the way they operate. | ||
| Cityxslicker |
twenty years from now... if HD is around, they will look to this period as my generation looked at AMF. They should heed the pairing. The stock will not darken my portfolio again. They are not going to support my brand, I feel no need to support theirs. the pump and dump last year from may to october was enough for me to feel good about the investment. The Buell announcement was enough to sour me from the entire motorgroup. | ||
| Spatten1 |
FUHD. | ||
| Hughlysses |
So, am I reading that right that they're basically saying that their profit would have been more than doubled if they had NOT closed Buell? Like the Guiness dude says, "BRILLIANT!"  | ||
| Jerry_haughton |
FUHD. There are 21 Harley-Davidson dealers listed on BWB's Sponsor page. These folks' hard-earned money help keep this Buell forum up and running. These folks had nothing to do with Buell's closure. These folks continue to sell fine American-made motorcycles, and employ hard-working Americans who also had nothing to do well the closure of Buell. I wonder sometimes, if I were a sponsoring H-D dealer, whether I'd have the patience to sit back and endure quietly all the rude, crude and/or downright vulgar negativity on BWB these days directed towards Harley-Davidson in its entirety (including riders, who also had nothing to do with the decision to exit Buell). The four gentlemen who founded Harley-Davidson over a century ago didn't make this decision. The folks who guided the Motor Company thru two World Wars, the Great Depression, and the buyout from AMF didn't make this decision. The folks who sell and service Harley-Davidson didn't make this decision. And the folks who RIDE Harley-Davidsons didn't make this decision. I understand the angst. But I often don't understand the many forms this angst takes. FB | ||
| Drkside79 |
FB??? Really i hope that is not referring to Buell. | ||
| Spatten1 |
Jerry, you are right, probably an innappropriate comment. I've always ridden performance bikes. I spent 20 years on all Japanese sportbikes, and never had any interest in the American models. I rode plenty of HD bikes when working at a small town MC repair shop, never could muster an interest. Buell is the only American bike that's ever done anything to stir my soul. Thus the passion channeled negatively at HD. Very disapointing to lose the only American motorcycle line that I really love more than foreign models. | ||
| Drkside79 |
Because if it was, I hate to break it to you but that already happened. I think it was back in Oct. | ||
| Froggy |
Jerry, the anger from most of the people on here is at the higher ups in HD's management, not at dealers, factory workers, riders, etc. | ||
| Spiderman |
FB??? Really i hope that is not referring to Buell. FB = Ferris Bueller the one and only, accept no imitations nor substitutes! | ||
| Drkside79 |
Ok I wasn't sure. In that case he has a point. | ||
| Wolfridgerider |
+ 1 Jerry aka FB I have plenty of friends that ride Harley's.... it makes them happy and that's all that matters. with all the $HIT tude toward H-D around here makes me want to go get another one. (But I would have to buy used) | ||
| Jerry_haughton |
Jerry, you are right, probably an innappropriate comment. Spatten1, my post wasn't really directed at you specifically, and I meant no offense. Thanks for your thoughtful reply. I understand the passion that a Buell can stir in one's soul - I've ridden more miles on 'em than many. I also understand the passion that a Harley can stir in one's soul - I'm on my fifth one. It's been a very good motorcycle in general, and has been the PERFECT motorcycle for me. Froggy, I agree that many of the negative comments re: H-D on BWB are aimed at the top, but much of it is grade school playground-variety trash talking pointed at anything related to the MoCo, including current riders. Spidey, your check is in the mail.  Drkside79, I've taken several forms on BWB over the years, but lately use my real name and typically sign off as "FB," i.e. Ferris Bueller. I bought my first one in '96, have owned two, and have ridden countless others. If I had the money I'd have another Buell (or two) in the stable. I've yet to ride a Rotax-motored Buell - maybe someone has one they'd let me ride around the country for a couple of weeks....... Wolfie, you're not goin' Pirate on us, are ya?  FB | ||
| Mikef5000 |
I agree that many of the negative comments re: H-D on BWB are aimed at the top, but much of it is grade school playground-variety trash talking pointed at anything related to the MoCo, including current riders. Until your post, I don't see anyone mentioning Harley riders, or dealerships, or anything smaller than Wendel and the overall company. I felt everything in this thread was remaining focused on the top. I agree that we should stop bashing dealerships and riders. But bringing it up in threads that don't bash dealerships or riders is silly. | ||
| Froggy |
Jerry, you are more than welcome to take either of my waterheads for a ride, for as long as you want! You might want to have the wife hide the checkbook. | ||
| Jerry_haughton |
Until your post, I don't see anyone mentioning Harley riders, or dealerships, or anything smaller than Wendel and the overall company. We're obviously watching BWB thru different-colored faceshields. I agree that we should stop bashing dealerships and riders. But bringing it up in threads that don't bash dealerships or riders is silly. Perhaps. Not to worry, I'll go back in my hole soon enough. Jerry, you are more than welcome to take either of my waterheads for a ride, for as long as you want! Froggy, the last time someone loaned me the keys to their brand-new Buell, they got it back with five thousand miles on the clock. In other words: Be careful what I wish for....... FB | ||
| Hughlysses |
OK, now that we've settled that, can we get back to the point of my earlier post? ---------------
---------------- My interpretation of those statements is that if Harley hadn't spent umpteen million dollars to close Buell as quickly as possible, they would have made more than twice as much profit per share as they did. How is that a smart business decision given their current state? I remain baffled. | ||
| Reepicheep |
Story A: I can't make money, and I cant pay the rent. Story B: Dude. I totally made like all this money. Tons of it. Really. But then, like, this dude took almost all of it. Really. so I can't pay rent. But really, I had all this money... so... don't like worry about next month and evict me or something... OK? We cool? | ||
| Court |
>>>In all fairness, didn't the purchase of MV Agusta occur BEFORE Wandell came on board? There MAY well have been more than stupid stupidity to the MV Agusta purchase . . . some of the geniuses have already been "reassigned" to "pursue other interests" much less graciously than the Elves were pastured. Time may . . . or may not . . . reveal more. Notable is that fact that not a single buyer has come forth. . . . | ||
| Hughlysses |
Reepicheep-  | ||
| Paw |
Hey Jerry when we say FUHD we all, well maybe except you know it is directed at corporate. By the way it was Wendall doing that killed Buell and the current board who hired the jackass!!! Quit being a sour puss. I for one have never bashed a H-D riders or dealers. I still use Brunswick H-D and will continue to untill they no longer service Buell or I get treated like a stranger. Corporate (H-D) I have Bashed many times and will continue to do so. I will stop the day Erik is building street bike once again...If you do not like it don't read it!!! | ||
| Spiderman |
FBRAT II? |
