Monday, December 17, 2007

Harley Davidson to Repurchase 8% of Shares

This is a great use of cash for Harley (HOG) as they announced a 20 million share repurchase plan Monday morning.

With $1.7 billion in cash on the books, Harley can easily complete the repurchase without any additional debt. since the already increased the dividend 20% in September, shareholder are getting rewarded at both ends.

I have wrote about my desire to own Harley shares in the past, the only thing holding me back was the price of shares.

Currently trading at $44 and yielding 2.5%, Harley is becoming very enticing with this news....

Just wait a little longer, we may get this around $40.

Donate to the ValuePlays Project for KIVA

 Subscribe in a reader


blogger templates | Make Money Online