Seeking Alpha
Harley-Davidson Could Have 25% Upside Based On Restructuring Benefits And Volume Increases
Harley-Davidson (HOG) is up 10% in the past year, vs. a basically flat S&P 500, bike volumes have started to show meaningful growth and the restructuring plan is in full swing. So is there more upside in the stock? The answer appears to be yes, bike volumes are still relatively depressed relative to historical standards, Harley's restructuring plan still has scope to deliver EPS growth in 2012 and 2013. As a result, Harley-Davidson could rise 25% this year, with the results and guidance coming later this month being a potential catalyst for the stock. In addition, Harley-Davidson is a classic "moat" stock by virtue of its formidable brand strength.
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| Harley-Davidson Annual Units: 2000-2011 |
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Harley Davidson's sales mix by volume 2000-2010 |