NYT/AP: Harley-Davidson's Profit Dips, Faces Inquiry

[DeepModem Mom]

Harley-Davidson's Profit Dips, Faces Inquiry
By THE ASSOCIATED PRESS
Published: July 13, 2005
Filed at 9:07 a.m. ET


MILWAUKEE (AP) -- Motorcycle maker Harley-Davidson Inc. on Wednesday said its second-quarter earnings declined 4 percent from last year, as lower motorcycle shipments outweighed a modest rise in revenue. However, the company's results beat Wall Street expectations, and Harley-Davidson also raised its full-year earnings growth target.

Separately, the company reported that the SEC is launching an inquiry into the company's April announcement that it would limit short-term production and decrease planned motorcycle shipments. Regulators also are looking into related shareholder complaints, and the Milwaukee-based company said it is cooperating with the SEC....


http://www.nytimes.com/aponline/business/AP-Earns-Harley-Davidson.html

[napi21]

1. Lower shipments of motorcycles could be caused by the same

thing that is causing lower car sales. I sure don't see any lack of business at the big Harley shop near us!

[Ernesto]

2. Looks like the baby-boomer market may finally be saturated

I have long predicted that, in time, used Harleys will be dirt cheap.......