Post by Crossbones Dennis on Mar 11, 2010 18:44:55 GMT -6
A market analyst is predicting a deal for this year that’s unthinkable to many Harley owners: Dow Jones Investment Banker, a news and analysis service targeting senior investment bankers, says the company could sell to – gasp – foreign investors this year.
Efinancialnews.com quotes the subscription newsletter in 10 for ’10: the most likely deals this year saying declining U.S. sales and growing Asian, Indian and Middle Eastern markets could galvanize investors from those regions, especially in light of H-D’s meager stock price. Shares that soared into the $70 range in 2005 trade at around $26 today.
And the bikes are popular in prosperous Middle Eastern countries.
“According to Dow Jones Investment Banker, the main factor would be Harley’s ability to maintain adequate liquidity for continuing operations and to control loan delinquencies from sales funding. Potential acquirers for both Harley and its MV Agusta division could include private equity or even a Middle Eastern or Asian sovereign wealth fund hoping to tap into demand among the Chinese and Indian middle classes. Harley-Davidson declined to comment.”
Posted by Holly Wagner
Efinancialnews.com quotes the subscription newsletter in 10 for ’10: the most likely deals this year saying declining U.S. sales and growing Asian, Indian and Middle Eastern markets could galvanize investors from those regions, especially in light of H-D’s meager stock price. Shares that soared into the $70 range in 2005 trade at around $26 today.
And the bikes are popular in prosperous Middle Eastern countries.
“According to Dow Jones Investment Banker, the main factor would be Harley’s ability to maintain adequate liquidity for continuing operations and to control loan delinquencies from sales funding. Potential acquirers for both Harley and its MV Agusta division could include private equity or even a Middle Eastern or Asian sovereign wealth fund hoping to tap into demand among the Chinese and Indian middle classes. Harley-Davidson declined to comment.”
Posted by Holly Wagner
