Back in mid-April, lost in the fervor over GM's substantial problems, Harley-Davidson announced that they would be cutting back their sales expectations for 2005 by about 3%. As a result, their stock sank like a rock; after all, H-D is one of very few companies in the US market that supposedly could sell as many units as they wished. Now they're facing a shareholder lawsuit (BugMeNot), spurred on by the fact that Harley's top two executives netted about $50M by selling their stock in July of 2004; about the same time, the lawsuit asserts, that H-D's overproduction in 2003 and 2004 was about to catch up with them. You'll remember that 2003 was the 100th anniversary for Harley-Davidson, and it's speculated that a whole lotta bikes were built in Milwaukee that year, flooding the market and eventually leading to softened demand.


From Our Partners

You May Like
Links by Zergnet

Questions

There are no questions about this topic.
Be the first to ask!
Share This Photo X