Harley Davidson Stock hits rock bottom
The US is in a recession (economists disagreeing on the definition of a recession, they always announce it a minimum of 6 months after it was started). Look at the Harley-Davidson stock. On Friday, the stock closed at a 52-week low of $39.84. The 52-week high was $74.03 in January 2007. Since that time, shares of HOG have been falling and falling due to increasing credit fears. S&P gives Harley-davidson a rating of negative 2 Stars selling out of 5. Yesterday, American Express warned that slower spending and more delinquencies on credit card payments will hurt profits throughout 2008.