Hanoch

NYT Butchers HOG

I find it difficult to put hope in overseas markets, at least in the short term. From everything I have heard, foreign economies are in even worse shape than the US. Eventually, that has to show up in HOG's sales figures.

It is hard to imagine people are buying Harleys in the current environment. Moreover, as the economy continues to deteriorate, it seems likely that more people will be defaulting on their Harley loans, which Harley can no longer securitize. Ultimately, my concern is the company is not going to have the cash flow to meet its fixed operating expenses and increasing debt burden.