Re: MoCo Biz Bad
"Schmoe" <s@s,net > wrote in message news:4803ad63$0$25028$607ed4bc@cv,net ...
> This reads to me as an expected glut in store inventories and the
> inevitably easier price negotiation that's usually associated. Funny thing
> is I still see used prices far higher than they should be i.e. '04 stock
> RK's for $17k. I guess some guys still think you can resell a Harley for
> more than the original store cost. Probably the same guys who wear creased
> chaps and sing Born in the USA at the top of their voices at karaoke bars.
>
> AP
> Harley-Davidson Falls on Outlook Worries
> Monday April 14, 1:18 pm ET
> Shares of Motorcycle Maker Harley-Davidson Drop on Concerns It May Reduce
> 2008 Profit Outlook
>
> NEW YORK (AP) -- Shares of Harley-Davidson are down on worries that the
> iconic motorcycle maker will be forced to cut its 2008 guidance as a
> result of slumping sales.
> "A reduction is likely to create near-term selling, despite Street
> estimates already below guidance," Soleil Securities Group analyst Michael
> Millman wrote in a note to investors.
>
> Millman said that retail sales have shown no improvement since January,
> when Milwaukee-based Harley-Davidson Inc. projected 2008
> earnings-per-share growth of 4 percent to 7 percent.
>
> Based on the company's 2007 profit of $3.74 per share, the guidance
> implies 2008 earnings of about $3.89 to $4 per share.
>
> U.S. retail sales keep getting worse and aren't expected to improve in the
> near term, Millman said.
>
> However, Millman said Harley-Davidson's shares could still prove to be a
> good investment down the road. He backed his "Buy" rating and $54 share
> price target.
>
> "We continue to believe the shares could be significantly higher 12 to 18
> months out, thus we are retaining our long-term buy rating," he wrote.
>
> Millman said he expects Harley-Davidson, which reports its first-quarter
> results on Thursday, to post a 2008 profit of $3.28 per share, while
> analysts polled by Thomson Financial expect a profit of $3.63 per share,
> on average.
>
> Harley-Davidson shares fell $1.31, or 3.5 percent, to $35.75 in afternoon
> trading.
That is just the kind of news out there.... they say the housing thing is
falling apart too and you won't see any increase in building for at least
another year!!! they say the first 3 months of this year housing is down to
1992 levels of building.... well no shit... the mid west and other parts of
the country have had more snow in 30, 50, 70 years.... who wants to build a
house or BUY a motorcycle when are too busy shoveling all that damn snow...
it has to warm up for a good week .. without rain to help both business... I
am sick of all these stories selling gloom and doom.... then as if a
miricle after the election there is a hugh turn around like just with the
fact of a new president is coming into office changes everything.... next
you will be hearing how appliance and furnature places are hit hard.... well
who buys that stuff..... people that build or buy new houses.....
ok I'm done rantting.... have a drink on me... untill it warms up and we
can do it IRL...
Invisible68
(going to office to sell a house that I am not suppose to!!!)