Triumphrat

mm1ut1

Just announced. Profits down 58%. Good thing they blew all that money buying MV Agusta....

TB-T100

That's sad. Don't like it when people loose their job. Also it could be bad for the future of MV Agusta. Don't want the marque to go away.

__________________
'04 T100 Black and White (because it matches a dinner jacket)
904, 813, port&polish, Pieman igniter TORS, rebuilt front (valves, springs, etc), Öhlins shocks, tubeless alu rims, JMC alu swingarm, 520 conversion, Ti nuts and bolts
- Ringer

Silverado57

Bad news for those folks. Times are tough right now.
Since HOG stock is at a 10-year low, it might be a good time to buy in.

__________________
Kevin
Luceo Non Uro
NJ USA

Dittos3

THe fact that Harley owns MV Augusta might SAVE MV Augusta. Correct me if I'm wrong, but if I remember correctly, MVA was close to shuttering when Harley stepped in.

Ditto

tba-golfer

You may be right Silver, in that today looks like a typical capitulation mode: down steep on huge volume. But I'm not sure I'm ready to reach out and potentially catch what may be a falling knife. I'm concerned that the dividend will be cut significantly. Their cash to debt numbers are weak: $505 million cash vs. $3.17 billion in debt, significant negative cash flow, a finance division which is in gridlock, etc. I think I'd be more inclined to buy at a higher price, when I have a better sense that things are turning.

__________________
"And early though the laurel grows
It withers quicker than the rose."
A. E. Housman

trypcil

Maybe they should have bought Piaggio, closer in spirit to HD, than MV could ever be anyway - probably couldn't afford them or simply weren't paying attention. I mean... as if the world needs another Sport bike or cruiser - Mopeds at 150mpg maybe! From Riches to Rags HD could reinvent themselves and become the Moped Co of the Americas and mobilise a nation... but no, it had to buy MV didn't it... for crying outloud - Pride comes before a Fall, oh well!

__________________
http://www.triumphrat.net/photogalle...m794/album346/

The owl of Minerva spreads its wings only with
the falling of the dusk.” - G.W.F. Hegel, Philosophy of Right (1820), "Preface".

smartin108

At the time HD bought MV the economy was not so bad. HD needed a path to a younger demographic than their own products address. The average HD spends more on Grecian Formula than on gasoline.

wabill

Will Triumph be next to swing the axe

__________________
DON'T WORRY, BE HAPPY!

Nickwiz

No sign of that yet. sales were down but not anything like the crash in car sales.

But who knows if it gets worse the axe will swing everywhere.

BigAl8295

Word on the street here (final assembly plant is here in York, PA) is that HD has requested a "bail out" of sorts from the U.S. federal government to help with their finance division.

__________________
FCR-39 Carbs, Sprint Cams, British Customs Predator Exhaust, K&N Pod Filters, Nology Coils, Ignitech Ignitor, Progressive Fork Springs, ZX-6R shock, and one bad ass Horn Cover!
Charm City Mods vs Rockers Rally