After 22% Surge, Does Harley-Davidson Deserve to Be Riding So High?
Harley-Davidson (NYSE: HOG) surged 22% after its third-quarter earnings report beat analyst expectations, and though it has given back some of the gains in the days afterwards, the motorcycle maker's stock has largely wiped out all the losses incurred during the pandemic.
Yet with sales still falling at double-digit rates and the improvements made this quarter coming on the back of cost-cutting initiatives, not a better business environment, investors need to ask whether Harley-Davidson deserves the support it's being given.
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Source Fool.com
