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Here's my opinion, which stems from 12 years of dealing with H-D: It's another frivolous suit looking for a quick cash settlement. If you didn't know the market and couldn't see that H-D's years of rapid growth weren't reaching market saturation, you didn't actually talk to a dealer, or anyone else that lives the lifestyle and should take responsibility for your own investing. Harley isn't an Enron/Worldcom/Tyco. At its core, H-D is is a manufacturing company, and treating the stock as a boutique growth stock over the past couple of years was wrong in the first place. Where were all the lawyers to sue over too-fast growth and their clients making too much money? No one is criminal until someone else loses money is the American market message I get... but that's another rant (litigeous America is part of the reason I spend so much time abroad, so I'm extremely biased here folks!).



I have a very narrow stock portfolio these days: only five companies. My major investments are out-of-country real estate developments, and fixed CDs. So I'm not averse to risk, and I knowingly accept them. But, two of the five companies whose stock I have have both been hit with, and victoriously settled out of court, similar class-action suits. It stinks to have to wait out the settlement with a depressed stock price, but that's the market. Again, if you're growing rapidly to reach market demand, it's eventually going to be met, and anyone that couldn't see it coming in H-D's case, in my opinion, didn't do their homework and should mea culpa, not sue. H-D's not going anywhere, wait for the market panic to cease and the stock to rise...



Before anyone cries "foul" that we're defending Harley, do your research: I like Harley's product, so does Fonzie. Sean and Gabe don't quite "get" it, Pete pretty much likes everything. From the business end, I'm not too personally thrilled about the company -- in 12 years, we've never been able to sell them an online ad, or convert them to the online marketing ideal. We @MO strongly disagree with that philosophy, and have spent a lot of time, energy and resources trying to convert that mindset, all to no avail. So Harley is a loss-leader for MO, but you don't see us litigating over it now, do you?
 
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