1- New rumors on Wall Street that private equity firms are eying Harley-Davidson as a takeover target. Last time such rumors surfaced was on March 16, 2010 when private equity firm KKR was named as being interested in buying the company. A growing confidence in a US recovery is feeding a frenzy of many unsubstantiated rumors creating spikes in the price of many companies. Harley stock (HOG) closed yesterday Thursday June 10, 2010 at $26.57.
2- Ex Billy Lane’s Choppers Inc. shop in Melbourne, Florida has been leased by the Parker Brothers (Marc & Shanon) where they will will build and sell custom motorcycles. You remember that the duo built the Bad Pod Motorcycle inspired by the “Dark Knight” Batman movie. While trying to sell this bike for $100,000 on eBay the auction had to be cancelled for copyright violation of a movie image belonging to the film studio. Those still interested to buy the Bad Pod can now buy one of the 5000 raffle tickets sold $20,00 each 3- Cash flow strapped Big Dog Motorcycles is building new bikes only when firm orders are received and recalls former workers as needed for temporary assignments. 4- Harley-Davidson cancelled its annual Kansas Plant Open House because of restructuring currently going on, with the site worrying it would not have the resources to put towards a quality event. The company will determine either later this year or next year if it will host an open house next year.