Harley Davidson Stock: Becoming A Bank Again

Harley Davidson should be one of those companies that delivers solid, steady investment returns. It has the premier brand name in the manufacture and sale of motorcycles, and earns 23% operating margins in an industry where 14% operating margins are the norm. Heck, can you even name its competitors? I could name Yamaha, Kawasaki, and Polaris, and that was it.

Despite these superior operating results, Harley Davidson stock has barely appreciated in price over the past twenty years. It traded at $29 per share in 1999. It trades in the $30s now.

Why aren’t the shareholders of the most dominant motorcycle franchise on the continent getting any richer?

The answer is because Harley … Read the rest of this article!

Washington University Students Are Protesting Peabody Energy


Tim, I know you’re from the St. Louis area. You’ve probably heard about the protests from many members of the Washington University student community about Peabody Energy. In general, how do you think about corporate protesting, and more applicably to your blog, shareholder activism?

Also, I love your blog.

Thanks in advance,

Larry T.

Thanks Larry! As some of you have already noticed, I added a tab to the site for general reader questions that I plan to answer on Sunday as part of a new “Sunday Mailbag” series I’m starting to see if it gains traction. If you have any general question that you think readers of this site would be interested … Read the rest of this article!