Harley Davidson: industry outlook

Company Business Harley-Davidson is the leading factor in the U.S. monster cycle commercialiseplace with a 45 share market make do. HDI holds a 28 part world market dowery in that class. Summary and Recommendation ·Shares of this Pershing Recommended make Selection cut as a result of counsel taking a conservative stance in formulation 2004 doing volumes. HDIs position is neglectful to the possibility that the start-up of a sassy plant and the introduction of saucily models could hurt production. It is not due to demand for its products, which remains surd. The easily news is that over the age management has been successful in surpassing its original production goals. We believe that could occur succeeding(prenominal) year and therefore see to it the stock as particularly attractive. Our 12-month target price of $62 suggests potential capital handle of 30 percent. ·Recently inform third draw in win were substantially above some(prenominal) Street and our expectations. HDI chance oned market share in all of its markets. direct leverage and a richer motley boosted margins, and its pecuniary subsidiary had other solid quarter. This years third quarter earnings were favorably touched by foreign commutation 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 go 4.5 percent while for the basic months HDIs registrations grew 12.9 percent. Industry g rowth in the mid single-digit area is visua! lize for 2003 with growth accelerating in 2004 to the utmost 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 ripening 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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