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Perhaps the reason why the article failed to mention international sales growth is that it is non-existent -- International sales were down in the 4Q08, and the company just reported that international sales were down another 21% for the first 2 months of 2009 -- there was an 8-k release on it. Many of the European economies where HOG was expecting sales growth are in even worse shape than the US.
Mar 24 09:42 am
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All Comments by Car Guy »NYT Butchers HOG [View article]
I agree that the article brougtht nothing new to light - all of these issues were already out there. But let's not ignore the fact that the company has some very serious issues ahead of it. One could argue that the article did not drill down deep enough on the HDFS i ssues which are very serious.