Value Investing News

In recent years, many analysts have accused Harley of "channel-stuffing". Basically, Harley records revenue (and thus earnings) when a dealer receives a bike. But if Harley ships more bikes to a dealer than the dealer sells to its customers, then the problem is that Harley's earnings are artificially high. Let's take a look at shipments versus retail sales for the last few years to see if this is occurring.

• http://barelkarsan.com/2008/07/harley-davidson-reducing-dealer.html (0)