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Apr 28, 2020 | 12:55 PM

#101

smitty901

Seasoned HDF Member

Joined: Feb 2008

Posts: 23,003

Likes: 11,441

I will be watching if big money bails , I will consider buying some on the low end.

Apr 28, 2020 | 01:04 PM

#102

FXDXTSport

Supporter

Joined: Oct 2006

Posts: 2,565

Likes: 638

From: Washington State

Stock is really tanking at 2 o'clock EDT, just as predicted

21.60 USD+2.66 (14.04%)

Apr 28, 2020 | 01:36 PM

#103

Keithhu

Seasoned HDF Member

Joined: Sep 2009

Posts: 17,148

Likes: 6,171

From: SE Michigan

Quote:

Originally Posted by xyzzyxyzzy

Here, from H-D's investor relations page, is a succinct statement summing up Q1 2020 financial results and the new "Rewire" operational plan that's gonna put things right.

https://investor.harley-davidson.com...sults-covid-19

They're not giving up on the new bikes (Livewire, Pan America and Bronx) but they do make noises to the effect they are going to alter their cost structure. Here's a direct quote from the article: "a cost structure that is adjusted to the new realities of the market post crisis". Gosh, you can read almost anything into that but it could mean that they recognize that their prices are too high. Stay tuned, it could be interesting.

I wouldnt anticipate a big price drop. A factory is a fixed cost. Make more product, the cost is less per product. I think they're talking about being profitable while selling 1/2 the number of bikes they sold a year ago, which would be down from where they are now. So I wouldnt think the price of a bike would come down, they are trying to figure out if/how they can still make money when they are selling fewer of them.

Apr 28, 2020 | 01:43 PM

#104

jamala00

Banned

Joined: Sep 2009

Posts: 7,960

Likes: 6,716

From: WI

Looks like they are also pumping the brakes on Levatich's direction

https://www.yahoo.com/finance/news/h...113131248.html

Apr 28, 2020 | 02:01 PM

#105

jamala00

Banned

Joined: Sep 2009

Posts: 7,960

Likes: 6,716

From: WI

Deleted

Last edited by jamala00; Apr 28, 2020 at 02:21 PM.

Apr 28, 2020 | 03:50 PM

#106

firehawk6

Seasoned HDF Member

Joined: Aug 2017

Posts: 7,540

Likes: 12,187

From: Indianapolis

Quote:

Originally Posted by jamala00

Looks like they are also pumping the brakes on Levatich's direction

https://www.yahoo.com/finance/news/h...113131248.html

If his plans are sticking with the sameo, sameo, (large overweight touring bikes with air cooled V-Twins), and dropping the new models before they even hit the market, or relegating them to the back corners of dealerships like Buell, Harley Davidson will disappear.

For Christ's sake, Helen Keller could see that is already a given...

Apr 28, 2020 | 04:17 PM

#107

osudvm

Tourer

Joined: Nov 2012

Posts: 368

Likes: 2

From: Yantis, Texas

Quote:

Originally Posted by CaffeineBuzz

OP you said you weren't trying to stir the pot, but you did.

It's not that people care so passionately about Harley that causes the ruckus. It's the need to feel important and appear to be an expert that makes folks so angry about the future predictions.

An old friend of mine used to say "I've got two *****, but neither are crystal."

A lot more will have to happen in order for Harley to go out of business.

Let em ask you an honest question, OP.

Can you think of any other brand in the world that has as much historicity and recognition? Harley is a juggernaut. It's bigger than anyone that owns it and always will be. It may go away one day, but not today....or tomorrow....and many tomorrows after that.

The history of Harley is amazing and I hope it never goes under. With the financial issues and then with multiple Harley dealers closing their doors, it just made me wonder if there was the potential for Harley to go under and wanted to see what others thought. I sure hope they don't.

Apr 28, 2020 | 08:23 PM

#108

FatBob2018

Grand HDF Member

Joined: Nov 2017

Posts: 4,252

Likes: 3,135

From: Texas

Quote:

Originally Posted by Mattbastard

The difference is MOST of those companies haven't also been reporting losses for the last five years.

Just for the record, Harley isn't reporting a loss, and hasn't reported any losses in a decade. They're reporting a smaller profit. But they've been consistently profitable each and every quarter for at least the last 10 years.

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Apr 28, 2020 | 08:29 PM

#109

FatBob2018

Grand HDF Member

Joined: Nov 2017

Posts: 4,252

Likes: 3,135

From: Texas

Quote:

Originally Posted by Mattbastard

It's not rocket surgery. If a manufacturer doesn't increase its sales, its stock drops. This is Wall St. 101.

Nonsense. A more correct statement would be "If a manufacturer doesn't increase its profits, its stock drops." And even then there's no direct correlation. People choose to buy and sell based on things that have NOTHING to do with earnings or profits. Exhibit A: The Dot Com Bubble of the late 1990's. Or any biotech company. Stock prices can get run up, or dumped, based on what people think is going to happen, not based on what is actually happening.

Quote:

Whether or not Harley's profitable is up for discussion, simply by defining "profitable".

Nonsense. Net Income is a very rigidly defined term, and has nothing whatsoever to do with share price. If a company is reporting positive net income, and their balance sheet is larger than it was, then the company is profitable.

If you want to argue whether or not Harley STOCK is profitable for YOU, well that's an entirely different discussion.