by eastbay » Tue 24 Jun 2008, 12:38:27
$this->bbcode_second_pass_quote('pup55', 'B')ack in the late 70's this company very nearly went belly up.
It might be even worse now. Household debt is a lot worse. People can't get a home equity loan now, no one is selling their house to be a full-timer, plenty of these sitting on lots all over the country/unsold inventory.
Another short sale might be Harley Davidson at the moment. You can't drive down a country road in my part of the country without seeing 5 of these with "for sale" signs on them.
I've been predicting this about Harley Davidson for several years and it's now finally on. For example, today one can pick up a 'newer' used FXD with very, very low miles for under 10 grand.
I bought one new in '98 for $12,750 and sold it in '01 with 25,000 miles on it and a dented rear fender and two worn out tires for $12,000. New FXD's are still around $12,750 if you shop a little. 10 years later and the price of a new one is basically unchanged. Used ones are considerably cheaper. This is a trend that cannot last long.
My how the Harley market has imploded. Their stock price will hit $20.00 soon. Then $10 next year.