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Considering the state of the global economy, the quarterly report looks very good. HD sales appear to have more-or-less bottomed out, while they remain admireably profitable, have gained substantial market share against rivals (HD sales fell much less than their rivals), and are even making a good profit in their financial services.

First Quarter Results Summary

... net income for the quarter was $117.3 million compared to $187.6 million in the first quarter of 2008, on revenue of $1.29 billion compared to $1.31 billion in the year-ago period. ...

The Company shipped 74,670 Harley-Davidson motorcycles in the first quarter of 2009 compared to 71,868 motorcycles shipped in the year-ago period and within the Company’s guidance for the quarter.

Motorcycle Retail Sales Data

During the first quarter, worldwide retail sales of Harley-Davidson motorcycles decreased 12.0 percent compared to the prior-year quarter. In the U.S., retail sales of Harley-Davidson motorcycles decreased 9.7 percent from the year-ago period. In last year’s first quarter,
U.S. retail sales of Harley-Davidson motorcycles decreased 12.8 percent compared to the prior year.

Industry-wide retail sales of heavyweight motorcycles in the U.S. declined 22.3 percent during the quarter.

Financial Services Segment

First quarter operating income from financial services was $11.2 million, a decrease of $23.7 million or 67.9 percent compared to the year-ago quarter. This decrease was primarily due to a $17.1 million write-down of retained securitization interests and an $8.6 million writedown
to fair market value of finance receivables held for sale due to higher projected credit losses.
 

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surprisingly good
 

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My GoldCorp stock has done well all along....

And motorcycle dealerships are enjoying good floor traffic...just having trouble with tight finance from the banks.
 

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Yes good on HD. Now the $64000 question is this the bottom of the market?
 

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Yes good on HD. Now the $64000 question is this the bottom of the market?

Wellllll the market's been buoyed by better than expected news of varying types over the last several weeks. But I'm no more sure this is the bottom than the talking heads when they said a couple months ago that 800 was firm support of the S&P just before it blew way below that level and stayed for some weeks.



Chris
 
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