stocker

Harley-Davidson Gives Investors Ample Cause to Be Cautious

HOG burned 221 million in cash before taking cap ex into account. Cap ex was an additional 153 million. The primary asset of the company is 3.36 billion in finance receivables, which they have 36 million of bad debt allocated against in the first 9 months of the year. Bad debt on credit cards and homes are skyrocketing, but only 1% of motorcycle debt has gone bad? It seems impossible.

The correct price on HOG may be 0.

Harley-Davidson Gives Investors Ample Cause to Be Cautious

HOG burned 221 million in cash before taking cap ex into account. Cap ex was an additional 153 million. The primary asset of the company is 3.36 billion in finance receivables, which they have 36 million of bad debt allocated against in the first 9 months of the year. Bad debt on credit cards and homes are skyrocketing, but only 1% of motorcycle debt has gone bad? It seems impossible.

The correct price on HOG may be 0.