tag:blogger.com,1999:blog-3584696203336871201.post5422165805581548610..comments2009-04-23T10:21:13.065-07:00Dividend Growth Investorhttp://www.blogger.com/profile/11197290990687067072noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3584696203336871201.post-79271783099902264632009-04-23T10:21:00.000-07:002009-04-23T10:21:00.000-07:00While I agree that customers are fiercely loyal and it's a great brand/business, I am concerned whenever I actually see the customers riding Harley's - they are the same people who rode Harley's in the 50's, 60's, and 70's. Their customer base is aging and young bikers don't seem to be flocking to the brand.<br /><br />This leads me to think that this company will have a big problem once baby-boomers go from active retirement to inactive retirement and beyond.<br /><br />Great blog by the way.AMhttp://openid.aol.com/atrophy476noreply@blogger.comtag:blogger.com,1999:blog-3584696203336871201.post-90887785419822994162009-02-08T05:52:00.000-08:002009-02-08T05:52:00.000-08:00Harley-Davidson is one of the those great businesses, whose customers are fiercely loyal, and go so far as to dress themselves in brand paraphrenalia on a regular basis.<BR/><BR/>The problem is that they dipped too deeply into tomorrow's sales when they offered such low financing terms from 2004-2007. So now, they have credit problems and market saturation problems.<BR/><BR/>I love the business, but the price probably is still too rich. Normalize the non-financial free cash flows over a five year period and then put a reasonable multiple on that, then I may be ready.widemoatinvestinghttp://widemoatinvesting.wordpress.com/noreply@blogger.comtag:blogger.com,1999:blog-3584696203336871201.post-37279926602036975592009-02-06T03:21:00.000-08:002009-02-06T03:21:00.000-08:00You make a very good point. Several investors don't make the distinction between the kind of deal Buffet gets and the kind of deal they will get - if they simply buy the stock directly.Manshuhttp://onemint.comnoreply@blogger.comtag:blogger.com,1999:blog-3584696203336871201.post-91652918340678813882009-02-05T00:35:00.000-08:002009-02-05T00:35:00.000-08:00Brad,<BR/><BR/>The 800 mln in dividends comes from his 8 bln investment in GE and GS perpetual prefered stock at 10% yield. He is getting the best of both worlds - a fat dividend yield, limited downside with plenty of upside.Adminhttp://www.blogger.com/profile/11197290990687067072noreply@blogger.comtag:blogger.com,1999:blog-3584696203336871201.post-12768971345156602692009-02-04T07:38:00.000-08:002009-02-04T07:38:00.000-08:00You state that Buffet is being paid $800 million/yr in dividends for holding options - how is that possible. I thought you could only receive dividends if you actually owned the stock?Bradhttp://www.blogger.com/profile/06176094141514023094noreply@blogger.com