H-D took a bailout
#1
H-D took a bailout
Sorry if this is a repeat thread. I thought this was interesting:
http://hellforleathermagazine.com/20...payer-bailout/
I'm glad companies I like got bailouts as well.
http://hellforleathermagazine.com/20...payer-bailout/
I'm glad companies I like got bailouts as well.
#2
India Bailout
Sorry if this is a repeat thread. I thought this was interesting:
http://hellforleathermagazine.com/20...payer-bailout/
I'm glad companies I like got bailouts as well.
http://hellforleathermagazine.com/20...payer-bailout/
I'm glad companies I like got bailouts as well.
#5
Full disclosure: I own a Chevy truck, I root for Hendrick Motor Sports and am glad GM didn't go poof.
I own a Harley and likewise am glad HD hasn't gone poof.
#7
From AP:
Harley borrowed the funds primarily to finance Harley Davidson Financial Services, the company’s arm that offers loans to motorcycle buyers, said spokesman Bob Klein.
Companies such as Harley traditionally take out short-term loans when they need liquid assets. During the economic downturn, much of that funding vanished and companies turned to a federal government program for their cash.
Harley, for example, borrows money from private sector lenders nearly on a daily basis, Klein said. When the federal program became available, the company borrowed as much as $1.5 billion between October 2008 and February 2009, Klein said.
Harley paid back the loans by mid-2009, Klein said.
They were allowed to borrow money because the banks weren't able to provide it due to their own cash problems.
Unlike GM, I didn't see any shareholders getting burned, or the union getting a plum deal in a "new" IPO.
Harley borrowed the funds primarily to finance Harley Davidson Financial Services, the company’s arm that offers loans to motorcycle buyers, said spokesman Bob Klein.
Companies such as Harley traditionally take out short-term loans when they need liquid assets. During the economic downturn, much of that funding vanished and companies turned to a federal government program for their cash.
Harley, for example, borrows money from private sector lenders nearly on a daily basis, Klein said. When the federal program became available, the company borrowed as much as $1.5 billion between October 2008 and February 2009, Klein said.
Harley paid back the loans by mid-2009, Klein said.
They were allowed to borrow money because the banks weren't able to provide it due to their own cash problems.
Unlike GM, I didn't see any shareholders getting burned, or the union getting a plum deal in a "new" IPO.
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#8
Just to clarify- i wasn't posting to be critical of HD, I just think the secret nature of it was interesting. I'm glad the car companies got the bailout, too.
#10
A little over a year ago, I said that Harley might wind up in Chapter 11 bankruptcy
because of all the bad paper they were carrying.
"I think Harley will wind up in Chapter 11 sometime next year. Not so much because
of bad product development and marketing decisions (although they’ve made some
howlers), but because they got into the same “non-performing mortgage” situation as a
lot of banks did; by making thousands of loans to unqualified buyers. "
https://www.hdforums.com/forum/gener...any-under.html
If they hadn't received the bailout money, they'd have gone under... and I'm damn glad
they got the money.
because of all the bad paper they were carrying.
"I think Harley will wind up in Chapter 11 sometime next year. Not so much because
of bad product development and marketing decisions (although they’ve made some
howlers), but because they got into the same “non-performing mortgage” situation as a
lot of banks did; by making thousands of loans to unqualified buyers. "
https://www.hdforums.com/forum/gener...any-under.html
If they hadn't received the bailout money, they'd have gone under... and I'm damn glad
they got the money.