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To: Bucky Katt who wrote (10861)3/18/2003 2:05:25 PM
From: Bucky Katt  Read Replies (1) | Respond to of 48461
 
Harley-Davidson sells off following weak industry sales data (HDI) 39.15 -1.21: Early weakness is tied to last night's Motorcycle Industry Council Feb sales data, which showed a 13.6% decline; commenting on this, UBS Warburg believes that the weakening industry sales data will continue to pressure HDI's multiple, and that the co's long-term growth rate is closer to the 20% range than to the 30% level seen in the last 5 years.



To: Bucky Katt who wrote (10861)4/17/2003 9:59:23 AM
From: Bucky Katt  Respond to of 48461
 
Hmm, is the circle square? HDI reported a 55% income gain and a 20% sales increase on Wed and today they get downgraded...
Funny how this "efficient" market works...?

""6:56AM Harley-Davidson cut to Neutral from Buy at UBS (HDI) 42.55: The downgrade is based on weak sell-through at the retail level and the fact that Harley was already approaching firm's target price. Although results came in well above, bad news is that Harley's retail registrations for the qtr are down 3% over last yr. While the strong quarterly result is a function of what the co ships to dealers, says the weak retail numbers are a function of what the dealer is actually selling to the consumer. The decline in retail lowers firm's conviction level in forward estimates. Target goes to $48 from $46.50.""