HOG - Weak 4th Quarter Shipments Sets Up Buying Opportunity For Harley-Davidson
Investment Thesis
With a difficult 2018 in the books and a similarly difficult short-term future ahead, Harley-Davidson (NYSE:HOG) was still able to return significant value to shareholders. With the low PE ratio of 11.6 versus the industry average of 14.6 and optimism over new products, international expansion and the stabilizing domestic market, now is a great time to buy in on Harley-Davidson’s turnaround story.
Overview
When Harley-Davidson (HOG) reported fourth quarter 2018 earnings results, the company missed market expectations with a revenue decline of 9% year over year and non-GAAP and GAAP