Harley Davidson: industry outlook

Company Business Harley-Davidson is the leading factor in the U.S. behemoth cycle tradeplace with a 45 part market look at. HDI holds a 28 per centum world market fate in that class. Summary and Recommendation ·Shares of this Pershing Recommended make Selection modify as a result of counsel taking a conservative stance in formulation 2004 doing volumes. HDIs position is derelict to the possibility that the start-up of a sassy plant and the introduction of current models could hurt production. It is not due to demand for its products, which remains hard. The in effect(p) news is that over the age management has been successful in surpassing its original production goals. We believe that could occur future(a) year and therefore see to it the stock as in particular attractive. Our 12-month target price of $62 suggests potential capital handle of 30 percent. ·Recently inform third drag meshing were substantially above some(prenominal) Street and our expectat ions. HDI chance oned market share in all of its markets. direct leverage and a richer mixing boosted margins, and its fiscal subsidiary had other solid quarter. This years third quarter earnings were favorably touched by foreign change over and were less affected by model changeover be/disruptions than last year. ·Heavyweight motorcycle registrations in the U.S. grew 12 percent in 2002 despite cushiony economic conditions. HDIs registrations grew 18 percent in 2002.

Through the eldest eight months of 2003, industry registrations lift 4.5 percent while for the basic months HDIs registrations grew 12.9 percent. Industry growth in t he mid single-digit area is visualize for 2! 003 with growth accelerating in 2004 to the advanced single-digit range. HDI is projected to continue to gain share. ·HDI is the industry leader with strong brand and product recognition. worry is focused on festering new products or amend existing ones, providing marketing/financial support to its dealers/customers/clubs, and in developing/supporting... If you want to get a full essay, order it on our website: BestEssayCheap.com

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