Take a look at Harley Davidson. Trading at a PE of around 20, Harley has practically a guaranteed annual growth rate of 18-20%. Every bike Harley makes is sold before it leaves the factory. Customers wait from 6 months for a Sportster to 18 months for the new 1948 replica.
Harley is expanding at a controlled rate in order to maintain quality. They recently broke ground for a new factory. Their manufacturing goal for 1996 is 118,000 bikes and for 2003 is 200,000 bikes.
Harley has a true francise in the "Hog". There's no substitute. Even the Japanese love them. By the way, Harley owners are not the stereotype of old. The average owner is a fortiesh male with annual income of $60,000. You have to have high income to pay $17,000 - $20,000 for a Hog.
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