| Author | Message | ||
     Terribletim |
Read the article here http://www.bloomberg.com/apps/news?pid=20601087&si d=aGI2Zbvxadsw&refer=home Looks like Berkshire Hathaway is snatching up quite a few companies in this down economy, Harley being one of them. Wonder what that means for Buell? | ||
| Swordsman |
It's insane how one guy can have such an impact on so many companies. He's like the god of Finance.  ~SM | ||
| Edgydrifter |
It will likely have little or no impact on HD/B operationally, except that by being able to extend financing to more customers the MoCo may be able to retain some of the production scheduled to be cut in '09. WB isn't going to demand ape-hangers on XBs or anything like that. | ||
| Wolfridgerider |
WB isn't going to demand ape-hangers on XBs or anything like that. It would be cool if he demanded a "real" entry level bike.... something that could be ridden in the dirt... ya know, something for the kids.. | ||
| Court |
>>>It will likely have little or no impact on HD/B operationally It did today . . . you all bought HOG last week right? Up 15.68% at the moment and as far as 22% today. . . . . . (Message edited by court on February 03, 2009) (Message edited by court on February 03, 2009) | ||
| Buellinachinashop |
I thought HD was operating debt free? What's the debt? Bad or delinquent loans? | ||
| Wolfridgerider |
I bet they wish they could have a redo on the MV Agusta purchase.... | ||
| Concor |
I bought 200 shares last week tuesday ( I know, not that much really ) so come on daddy needs a fat bob. | ||
| Svh |
I bought 2 weeks ago. If you have the money and invest in "solid" companies right now you can make some very good money. Bought RIMM, Blackberry makers, at $38 a share and now its at $53. Do some research and you can make some money right now. | ||
| Buellgrrrl |
Warren Buffett didn't buy HOG stock, he loaned HOG a few hundred million at a mere 15% interest. Yes, 15% interest- says something of the confidence the market has in HOG's finances. IIRC, HOG borrowed 600 million total... That's about 50,000 bikes. If HOG's prices were more reasonable they could turn those bikes into cash instead of having to borrow at 15% interest rates to keep them in storage. | ||
| Greenlantern |
Sure, but wouldn......uh what? | ||
| Ft_bstrd |
Warren Buffett didn't buy HOG stock, he loaned HOG a few hundred million at a mere 15% interest. Yes, 15% interest- says something of the confidence the market has in HOG's finances. IIRC, HOG borrowed 600 million total... That's about 50,000 bikes. If HOG's prices were more reasonable they could turn those bikes into cash instead of having to borrow at 15% interest rates to keep them in storage. You'd bitch about the pile of shit from a free pony. "Harley, which is raising cash to lend to customers, rose the most in more than two decades in New York trading. " So "refinancing" corporate debt in order to provide lending capacity of $300,000,000 to provide customer financing to sell motorcycles instead of storing them is bad? You see, you lend the money to the buyers, who give the money to you to buy a bike. You get to sell $300,000,000 of bikes. You now have $300,000,000 and NO BIKES. Wait. Don't we owe Warren Buffett $300,000,000? Good thing we have $300,000,000 and NO BIKES LEFT. Let's pay him off. What is the interest rate TO US on the customer debt? 7-14% What is our profit margin on the bikes WE DON'T HAVE ANY MORE OF? 15-20% 15% interest to Warren Buffet doesn't sound all that bad. | ||
| Wolfridgerider |
Isn't that 15% also tax deductible?? so now you're make'n some good money when ya loan it to buyers at 9 to 12%... or am I stupid??? Road apples from your pony are not tasty either.... | ||
| Ft_bstrd |
Damn you Wolf! Can't you let your blind hatred for HOG blunt your reasoning? | ||
| 2008xb12scg |
Banks buy and sell "paper" all the time. why should H.D. be any different? That is if I read correctly he just bought the loans, Paper. Paper works on the principal that money is worth more now than it will be later. You sell a $20 20 year loan for $15 now. Because that last five dollars 20 years from now won't be worth what five is worth now. | ||
| Crusty |
I was going to ask you not to feed the troll; but you gave me a great laugh instead. Thanks, guys. | ||
| Bill0351 |
"You'd bitch about the pile of shit from a free pony." The Warren Buffett pony shits piles of steaming gold. He can shit on my carpet any day of the week. Bill | ||
| Wolfridgerider |
Can't you let your blind hatred for HOG blunt your reasoning? HEY NOW!! I LOVE PORK & PORK PRODUCTS!!!  Ya'all come up, down or over to the WV BUELL RALLY for some fine BBQ and riding!!! When??? That would be August 14th to the 16th!!! What you say?? August 14th to the 16th!! But wait!! There's more!! See Webe do the Webe dance!!! See a ditch jumping preformed by Jimduncan69!!! See people blindly trip over a grate...ITS GREAT! or is it GRATE?! See a waitress tell you "Its hawt" while fanning her sweat into your breakfast!! Is that it?? NO WAY!!! You can participate in fun Buell games like... Deer dodging! Buell demolition derby! and the ever popular HEY!! WATCH THIS!! When did you say??!! Thats August 14th to the 16th at North Bend State Park in Harrisville West Virginia... If your not there... you better be dead or in JAIL!! (Message edited by wolfridgerider on February 03, 2009) (Message edited by wolfridgerider on February 03, 2009) | ||
| Hr_puffinstuff |
It did today . . . you all bought HOG last week right? yes. i received it as a 40th b-day present from my lovely wife. now i tell everyone that my wife dosen't mind if i hold onto my HOG for awhile.... | ||
| Oldog |
You'd bitch about the pile of shit from a free pony.  | ||
| Court |
Market crazy or what? . . . . I'm holding 17 stocks and HOG is the ONLY one down today . . no sense in these times. Funnier still is that Morgan-Stanley . . doubtless trembling over the STUPID salary cap thing . . is up 7%. Ever get the feeling that the market doesn't much care what O'Bama says? (Message edited by court on February 04, 2009) | ||
| Ft_bstrd |
After hearing the press conference with BO, I kept hearing the punchline about the sales guy and the expense report: "I dare you to find that pair of cowboy boots now." I PRAY they cap the incomes for these executives. As someone who designs nonqualified deferred compensation strategies, I am going to make a mint over the next four years. The market will require that these executives be paid competitive wages. We will simply have to become more creative in how we design that compensation. | ||
| Court |
>>>I am going to make a mint over the next four years. You can't imagine. >>>We will simply have to become more creative in how we design that compensation. Go back and see what your ol' buddy Court said when the Barackians were saber rattling about "taxing the rich" prior to the election . . . the moment he gave the "if I get in office" ultimatum, some (it'd be factually inaccurate to say many or most) of the folks on Wall Street got paid in CY/TY 2008 to be received over the next couple years. I've got one friend who made $50,000,000 in 2007 and plans to earn $250,00 this year . . . think he's actually getting less? . . . His apartment, at 86th and Amsterdam rents for $30,000/mo . . see the problem? The "neighborhood organizer" and his army of tax cheats and "barely got away" soldiers are going to be hard pressed to "outsmart" folks who "do this for a living". Do I sound like I have a view point? No society can tax or "stimulate" it's way to economic health. | ||
| Court |
Be mindful . . . that it was the government who took over the Mustang Ranch when they failed to pay back taxes. The previously profitable enterprise, run by the feds, fell into a shambles and went broke. LESSON: If you can't turn a profit selling women and booze. . . uh, an automobile company is going to be a challenge.  | ||
| Oldog |
I read the write up of the remarks, I like the centiment BUT is that legal? as far as the exec comp cap for All companys? I don't disagree that comp should be caped for bailout banks & .cos I like the accountability, If We pay for the FAILURE why are the execs "entitled" to a bonus? or a lavish salary? Legal changes that give share holders a bigger say so on those salaries sound good too. BO points out that the mind set of "just next quarter" needs to change, I agree with that I worked in a place that was run that way, it was a miserable experience. but unless I mis understood ALL bank exec salaries were to go under scrutiny That is frightening this is a slipery slope I hope that caution is excersized. If nothing else BO is going to shake up some things What do you make of the "I screwed up" comments on the appointments? | ||
| Oldog |
The previously profitable enterprise, run by the feds, fell into a shambles and went broke. ?? They were not paying taxes? were they really profitable? LESSON: If you can't turn a profit selling women and booze. . . uh, an automobile company is going to be a challenge. True Perhaps it was due to the various beauracrats and politico who did not pay for services rendered ? [ comment about "screw ups" and tax issues of various public figures ] (Message edited by oldog on February 04, 2009) | ||
| Ft_bstrd |
The sad thing is that because of these new tax policies and salary caps, less money is going to flow into the market and that which does will flow in less freely. There is a parasitic drag on money that comes as a result of regulation. People pay me to reduce their exposure to taxes. Although, I am glad to have it, those funds are dollars that could be more efficiently spent in hiring employees, etc. | ||
| Ft_bstrd |
How well do sports teams do when they have salary caps on their players? If your salary mix is capped out and you need a new QB to make the team work, you can't hire the proven star player. You have to turn to an unknown, unproven player. If they happen to be successful, they are going to jump ship for a better contract at the first possible opportunity. The likelihood is more likely that they won't deliver. What is the likelihood that a Ben Roethlisberger, having come off a Super Bowl win with a successful franchise would be willing to transfer to a struggling expansion team at the salary they would pay a back-up quarterback fresh out of a D2 school? This decision is exactly what I would expect from a Democrat. We will pass a law because it FEELS fair, but not look to see how we would actually enforce this provision in the real world in the free market. I'd bet dollars to donuts that the position of CEO at these banks will now sit unfilled. Ready to be filled intellectial giants like Dodd, Schumer, Daschle, or Fwanks.  Stupid beyond belief. | ||
| Oldog |
There is a parasitic drag on money that comes as a result of regulation. I understand that all to well, it has little to do with CEO pay and the like and more to do with beuacracy, I had a discussion with my boss about insurance and our group plan, I was stunned by the $$ that go to cover that, the tight regulations allow no flexibility I would love to have a disaster poloicy and a flexible spending account to make up the gap yet the regs and the insurance co's have made that unavaialbe to my employer My prefered way would allow my employer to save a significant amount of money each year, } I have to ask though should an executive officer of a failing business that the government (YOU and I) is bailing out because of mismanagment receive a lavish "package" in that thought. Why should a successful business manager have his salarie capped IF he (or she) is earning the money say Warren Buffet as an example is. | ||
| Court |
>>>I would love to have a disaster poloicy and a flexible spending account to make up the gap That would be perfect. >>>Why should a successful business manager have his salarie capped IF he (or she) is earning the money say Warren Buffet as an example is. And pray tell how . . here in the land of equality. . you can do that to the CEO of a private company and no Oprah and A-rod. They'd love to have the wealth redistributed by a formula that looks like comp rate . . . i.e. a schedule of what every job in the country pays. |
