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Women’s Racy Leather Hoodie Jacket

By | General Posts

Women’s Racy Leather Hoodie Jacket

$249.00 – $261.00

https://shop.bikernet.com/

This is an amazing collaboration with Deb and Bartels’ H-D. It’s a tailored strong leather jacket made with soft hide and a black sweatshirt hoodie that zips to the liner or to itself. Or you can take the hoodie out.

The Racy Jacket has multiple pockets including two easy-to-reach gun pockets, perfect for cameras or cell phones. They even come with detachable gun Velcro holsters.

They also come with the 5-Ball exclusive media pocket in the back where you can stash your favorite magazine.

If you need help with sizing or have any questions drop a line.

CLICK HERE TO SHOP NOW https://shop.bikernet.com/

Harley-Davidson: A Piece Of Americana On Sale

By | General Posts

from https://seekingalpha.com

Summary
  1. Harley-Davidson has the power of a strong brand name that resonates well with consumers.
  2. While it’s had its fair share of recent challenges, I’m encouraged by the company’s turnaround efforts being led by its new CEO.
  3. I expect the company to benefit from an increased need for outdoor recreation, and see the shares as undervalued.

During the current COVID-19 environment, technology stocks seem to get all of the glory. However, I believe that by looking beyond the headlines, one can find value in stocks that are positioned to benefit from the current environment. One such stock that I see is Harley-Davidson (HOG), which is a well-recognized, classic American company. In this article, I evaluate what makes this an attractive investment at the current valuation; so let’s get started.

Looking Into Harley-Davidson

There are perhaps few companies that spell Americana more than Harley-Davidson. Its iconic brand is synonymous with motorcycles and is loved by enthusiasts in the U.S. and around the world. Its loyal customer base like the fact that the bikes are highly customizable, therefore making each bike their own personal expression.

What I like about the company is that its brand transcends beyond just the product, and into a feeling. Emotions play a huge role behind consumers’ large discretionary purchases, and this is exemplified by the following quote from the company:’

The current environment, however, has not been kind to Harley. Revenue was down by 47% YoY in the latest quarter due to lower shipments, and the company posted a net loss of -$1.83 per share. This was due to a combination of restructuring charges and the fact that nearly 60% of its global dealer network was closed back in April. In addition, Harley had lingering issues with a bloated cost structure and an inefficient supply chain. These factors led to the company cutting its quarterly dividend to just $0.02 per share.

These challenges have resulted in the shares widely underperforming both the market and that of its competitor Polaris (PII), which makes off-road vehicles, snowmobiles, and the Indian brand motorcycles. As seen below, HOG has returned -39% on a YTD basis, while PII posted just an -11% return.

What I find encouraging, however, is that the board of directors seems to have acknowledged Harley’s missteps with the appointment of the new CEO, Jochen Zeitz, in early May of this year. Jochen came from Puma (OTCPK:PMMAF), where he was credited with that company’s turnaround, and the hope is that he will do the same for Harley. Initial reviews seem to be positive.

The activist investor, Impala Asset Management, which holds a 2.5% stake in Harley, noted in its August report that “for the first time in five to six years, the company is on the right track again,” and that “this is a fundamentally strong company that just lost its way.”

Looking forward, I see the company as delivering on its ‘Rewire’ restructuring efforts. This year, management expects to deliver $250M in cash savings, excluding restructuring charges. In addition, the company has simplified its organizational structure, by merging complementary divisions together. I see this as enabling the company to operate and make decisions more efficiently by reducing bureaucracy.

In addition, the company is refining its product models, which reduces complexity and enables investment into high growth areas, as management noted during the last conference call:

“Our product portfolio and launches have been reset for maximum impact with a fully aligned go-to-market process. We’re streamlining our motorcycle models by approximately 30%, with plans to further refine our product portfolio. This enables us to invest in the products and platforms that matter the most, while better balancing our investment in new high potential segments.”

In the meantime, Harley has a strong $4.23B in liquidity, which is comprised of $3.4B in cash, and $817M in availability on its line of credit. Although the company raised debt during the last quarter, management noted that it is within its financial debt covenants, and the company maintains a BBB investment grade rating from S&P.

The company appears to be making continued progress in its streamlining efforts, as it announced its exit from manufacturing in India while it is reportedly close to a distribution deal with India’s Hero MotoCorp. I see this as a plus, as it reduces Harley’s manufacturing overhead, which can be especially burdensome during the economic recession.

Looking forward, I’m encouraged by the fact that more than 90% of its global dealer network was open at the end of June. I see Harley as benefiting from an increased need for outdoor recreation due to social distancing measures.

Valuation

Turning to estimates, it appears that analysts are expecting a strong rebound in the EPS in the next two years, with a consensus Buy rating (score of 3.8 out of 5) and an average price target of $31.92.

Based on the 2021 earnings estimate, the forward P/E of the stock is 9.24, which is well below the stock’s normal P/E of 15.8. While the stock may not deserve to trade at its normal P/E based on a forward estimate, I do see upside potential to at least bridge some of the gaps.

Investor Takeaway

Harley-Davidson has the power of a strong brand name that resonates well with consumers. While it’s had its fair share of recent challenges, I’m encouraged by the company’s turnaround efforts being led by its new CEO. So far, it appears that the company is making good progress, and revenue should pick back up as the vast majority of its dealer network has re-opened for business. In addition, I see the increased need for outdoor recreational activities as being a strong tailwind for the company. Based on forward P/E estimates, the stock appears to be undervalued. For this, and the reasons stated above, I have a favorable view of the shares and see upside potential.

 

Artist David Uhl – New Release-24 Hour Flash Sale

By | General Posts

David Uhl has worked with Billy Lane (Choppers, Inc) on a few different projects in the past couple of years. He completed two watercolor paintings of Billy, one of which is him racing (Sons of Speed in Florida).

David is now offering prints of both images via a 24-hour Flash Sale.

Signed, numbered prints are now available on watercolor paper at incredible prices. But, they will only be available for 24 hours. At 11:00 am (Mountain Time) tomorrow, Thursday September 17th, we will close the edition.

Print edition specifics for either piece:

** Image size appx 11 x 15, $95.00 unframed

** Image size appx 15 x 20, $295.00 unframed

NOTE: Framing is available for $250 on either size

The original watercolor paintings are available as well. For anyone wanting to own a beautiful David Uhl original at a very reasonable price, this is your chance. Serious inquiries only.

We anticipate shipping all of the prints will take a few weeks – – edition (print) numbers will be assigned and prints will be shipped according to when orders are placed, so we encourage you to move quickly if you want this one!

Prints will come hand-signed by David and numbered, along with Certificate of Authenticity.

You can place your order by return email, or by calling me at 303-913-4840. Email greg@uhlstudios.com

Uhl Studios

15801 W. Colfax Avenue

Golden, CO 80401

303-913-4840

Uhl Studios Website

5-Ball Hot New Flat Out Vest

By | General Posts

We made some major improvements to our Flat Out Vest, plus they are made with a softer leather. This is our traditional styled vest but with 5-Ball touches, like no collar, deep gun or phone pockets, our exclusive media pocket and hidden hand pockets.

You will always receive bling, including a 5-Ball Bikernet Bandana, a 5-Ball embroidered patch and a signed book about the fight for motorcycling freedom.

Each vest has a secret documents pocket and a pocket specifically designed to hold your shades.

It’s all class yet packed with function.

SHOP NOW – CLICK HERE – https://shop.bikernet.com/

5-Ball Special Ops vest

By | General Posts

$179.70$191.67

https://shop.bikernet.com

5-Ball Leathers Biker Leather Vest This is the bells and whistles 5-Ball Racing vest. It has six pockets on
the outside, two gun pockets and our exclusive document or media pocket
inside.

Our (13) pocket Special Ops Racing Vest is the shit for stealing race
secrets and riding in the cold to Bonneville to support the 5-Ball Racing
Team.
Designed for the road with heavy duty gun metal grey zipper front, bound
leather neck trim and strong double needle seam construction. The two
conceal and carry pockets will stow your valuables cameras, phones,
weapons, and racing notes.

EXTERIOR FEATURES:

  • 2 chest Pockets (zip closure)
  • 2 Zip waist pockets
  • 2 waist flap pockets (snap closure) & side snap adjustment.
  • Side Snap adjustments

Biker Leather Vest
INTERIOR FEATURES:

  • 2 Gun pockets with quick snap
  • Storm Flap
  • 2 Zip pockets
  • 2 easy-access coin pockets
  • 100% cotton black/white plaid lining.
  • 1 Media Pocket

SHOP FOR MORE GEAR AND BOOKS AT https://shop.bikernet.com

Six Vintage Motorcycles to Buy Based on Your Favorite Car

By | General Posts

You can store a dozen in the space of a single Cadillac

You hang around folks who love vintage cars enough and you’ll inevitably meet vintage motorcycle guy or gal. They mean well, love all things with oil pumps (and some without) but will take every opportunity to espouse the virtues of the under-appreciated vintage motorcycle world.

“You can store a dozen in the space of a single Cadillac!” he or she will exclaim before shifting to extolling the virtues of the fun-per-dollar that few four-wheel contraptions can rival. Allow them to ramble. Contemplate their points. Come to your own conclusions. You now want to buy a motorcycle. I thought so. Good for you. Now what do you buy?

CLICK HERE TO READ THIS ARTICLE ON BIKERNET

Quick, Join the Cantina – Subscribe Now

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5-Ball Leathers’ Flat Out Vest and more

By | General Posts

5-BALL LEATHERS’ FLAT OUT VEST

$225.00$228.00

CLICK HERE TO SHOP NOW https://shop.bikernet.com/

The Flat Out Vest is the Leatherman Multi-Tool of Mens Motorcycle Leather vest

Our cleanest vest has now become our finest classic vest with no collar, but it does have the classic waist band. The front fist pockets are hidden. The chest pockets are classic western cut. They have killer storage with two deep gun pockets on the inside and our exclusive media pocket in the back for your latest issue of Cycle Source or divorce papers. These puppies are too cool and made with just the right leather grade, not too heavy and not too light.

100 Percentage- Flat Out VestEXTERIOR FEATURES:

  • (2) chest pockets
  • (2) waist pockets
  • (1) Sunglasses pocket

INTERIOR FEATURES:

  • (2) carry pockets with quick snaps
  • (1) Media Pocket
  • 100% cotton black/white plaid lining

JAK SHIRT 5/8th SLEEVE

$234.00$251.40

5-Ball Leathers Jak Shirt 5/8th

JAK SHIRT 5/8th SLEEVE CLUB – 5 Ball Leathers’ (8 Pocket). Features snap front closure with extended shirt-style tail that provides length in the trunk and delivers a slender look. All around one of the best fits.

The Jak Shirt Sleeveless Club is made from strong milled Buffalo leather, a top-grain quality leather (the most common type used in high-end leather products). It’s constructed at 0.9mm, a middle weight leather.

EXTERIOR FEATURES:

  • 2 chest pockets
  • 2 waist pockets
  • 1 Sunglasses pocket

100% Jak Shirt 5/8thINTERIOR FEATURES:

  • 2 carry pockets with quick snaps
  • 100% cotton black/white plaid lining
  • 1 Media Pocket

CLICK HERE TO SHOP NOW https://shop.bikernet.com/

WE HAVE MANY BIKER BOOKS IN THE SHOP – PICK YOUR CHOICE

SAM “CHOPPER” ORWELL – BOOK

$13.44

Fast-action fiction on two wheels! What does the future hold for rough and ready bikers? Discover how society eliminates motorcycles. Hold on as Sam “Chopper” Orwell fights to find freedom for the last remaining riders!

Discover How Society Eliminates Motorcycles. Hold on, as Sam “Chopper” Orwell fights to find freedom for the last remaining riders.

CLICK HERE TO SHOP NOW https://shop.bikernet.com/

Harley-Davidson Racks Up Buy Ratings on Bets New CEO Can Turn Things Around

By | General Posts

by Christiana Sciaudone from https://www.investing.com/

Harley-Davidson (NYSE:HOG) has swayed yet another analyst that a turnaround will bear fruit.

Shares are up 4.5% on Wednesday after UBS followed BMO Capital in upgrading the motorcycle maker. UBS bumped its rating to buy from neutral and gave Harley-Davidson a price target of $31, Seeking Alpha reported. The average price target of analysts tracked by Investing.com is $26.75. The stock has seven buys, 10 holds and one sell. It was trading around $28.60 during the morning session.

On Tuesday, BMO raised HOG to outperform from market perform and boosted its price target to $33 from $23, MarketWatch reported.

New Chief Executive Officer Jochen Zeitz, named in May, is expected to drive much-needed change at the company.

Shares are trading at a price-to-earnings ratio of 11, versus 16 for the average long-term ratio of the Dow Jones, according to data compiled by Investing.com and Zacks Investment Research.

Last week, Harley-Davidson said it would cut 700 positions across global operations, with about 500 expected to exit in 2020. The chief financial officer also exited the company at the time. Harley-Davidson said it is overhauling its global operating model to become a “leaner, more nimble” organization.

Harley-Davidson’s stock surges toward a 4-month high after Morgan Stanley raises rating, price target

by Tomi Kilgore from https://www.marketwatch.com

Shares of Harley-Davidson Inc. HOG, +5.51% shot up 4.8% toward a four-month high in morning trading Wednesday, after UBS analyst Robin Farley turned bullish on the motorcycle maker, citing an upbeat outlook on margins over the next couple years. Farley raised his rating to buy, after being neutral for at least the past three years, and raised his stock price target to $31 from $24. He said he believes Harley could help boost margins by eliminating growth initiatives, as they were losing money, even if demand problems continue. “We believe [Harley] has room to reduce its shipment base and actually raise earnings, because of bike sales that currently detract from the bottom line,” Farley wrote in a note to clients. “Harley was losing money pursuing those [growth] initiatives because we believe they don’t have clear avenues for growth,” Farley wrote. The stock’s rally comes a day after it surged 5.6%, after BMO Capital’s Gerrick Johnson turned bullish, and lifted his price target to a Street high $33. Harley’s stock, which is headed toward the highest close since March 4, has soared 55.7% over the past three months, while the S&P 500 SPX, +0.90% has advanced 15.7%.