The US is in a recession (economists disagreeing on the definition of a recession, they always announce it a minimum of 6 months after it was started). Look at the Harley-Davidson stock. On Friday, the stock closed at a 52-week low of $39.84. The 52-week high was $74.03 in January 2007. Since that time, shares of HOG have been falling and falling due to increasing credit fears. S&P gives Harley-davidson a rating of negative 2 Stars selling out of 5. Yesterday, American Express warned that slower spending and more delinquencies on credit card payments will hurt profits throughout 2008.
Sunday, January 20, 2008
Harley Davidson Stock hits rock bottom
The US is in a recession (economists disagreeing on the definition of a recession, they always announce it a minimum of 6 months after it was started). Look at the Harley-Davidson stock. On Friday, the stock closed at a 52-week low of $39.84. The 52-week high was $74.03 in January 2007. Since that time, shares of HOG have been falling and falling due to increasing credit fears. S&P gives Harley-davidson a rating of negative 2 Stars selling out of 5. Yesterday, American Express warned that slower spending and more delinquencies on credit card payments will hurt profits throughout 2008.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment