It’s often considered a red flag when companies stop reporting certain information or simply offer less guidance than they once did. I noted here Monday Netflix’s (NASDAQ:NFLX) decision to stop offering net income guidance. Likewise, Harley-Davidson (NYSE:HOG) said it will stop providing guidance on growth rates for parts and accessories, general merchandise and Harley Davidson Financial Services.
It will also stop offering guidance on annual shipments, though it will continue to provide a range of expected shipments for the each coming quarter. As one longtime bear noted, “The obvious conclusion is that this is devised to foil bears who have expected a cut in annual production guidance. If there is no guidance, how can there be a cut in guidance?” Indeed, indeed.