- A strong dollar and low demand have hurt Harley-Davidson (NYSE:HOG) sales this year, but the company's large share buyback plan and a reduced cost base could push its stock up 30%, writes Jack Hough in Barron's.
- In June, Harley-Davidson announced a new share buyback authorization that could lead the motorcycle maker to buy 20M shares, or almost 10% of its outstanding stock.
- Efforts by former chief executive Keith Wandell (who retired in May) to slash costs and "right-size" manufacturing are also paying off.
- HOG +1.1% premarket