Last month Harley-Davidson said it will cut its work force by 8 percent and trim bike shipments by the thousands. Yesterday Wednesday the company said it has sold $1 billion in bonds, providing the cash necessary if the market outlook would deteriorate even more. Proceeds are used to repay commercial paper borrowings and for general corporate purposes. Harley-Davidson.
3 Responses to “Harley-Davidson sells $1 Billion In Bonds”
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That’s a big number, and I am guessing the coupon isn’t cheap…. Gonna materially impact earnings going forward, bad news for the common shareholder.
Earnings really aren’t that weak, and the write-offs from the mickey-mouse financing really weren’t all that much….. A billion is a disproportionate amount of cash to manufacture, in light of their own sales forecasts……Wonder what Harley has yet to tell us about their vapor financing arm?
Hmmmmm
Something ain’t kosher, bubba!
this bike crash happened in the late 70’s but the mom and pop HD dealers
weathered the storm until the mid 80’s cause they had low overhead, owned their building and had oily linoleum on the floor
today all HD dealers have prime bloomingdale outlets and way way way too much overhead
I see trikes in the future
ouch