Here is the nitty gritty:
Fourth-quarter net income fell 26% to $186.1 million, or 78 cents a share, from $252.4 million, or 97 cents a share. Analysts expected earnings of 82 cents a share. Revenue fell 7.7% to $1.39 billion from $1.5 billion a year ago.
For 2008, the company said it expects "moderate" revenue growth and earnings per share growth of 4% to 7%, compared to 2007. The company said for the first quarter of 2008, it expects to ship between 68,000 and 72,000 Harley-Davidson motorcycles, compared to 67,761 units in the first quarter of 2007, and for the year overall it plans to ship fewer motorcycles than it expects dealers to sell.
Financial Services Segment
Harley-Davidson Financial Services (HDFS) reported fourth quarter operating income of $38.6 million, a decrease of $9.1 million or 19.1 percent...
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Shares Circuit City (CC) surged over 20% last week on news that Hollywood Entertainment Corp founder Mark Wattles acquired a 6.5% stake.
According to a filing with the SEC, Wattles acquired the stake in Circuit City for "investment purposes and may buy additional shares, encourage the company to enter a merger, or nominate candidates for the board."
Wattles, who owns 32 stores of the Ultimate Electronics Stores chain and his affiliated companies acquired 11 million shares of Circuit City after they met with management, the filing said. This comes on the heals of the Classic Fund Management Aktiengesellschaft, a Liechtenstein-based asset management company, disclosing it holds a 5.7 percent passive stake in Circuit City.
Wattles filed for a “blank check IPO” in December and wanted to raise up to $200 million "to focus on potential acquisition targets in the consumer products and retail industry."
Is Circuit City a good takeover target? Yes, but only if current management is...
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UPGRADES
Sunpower (SPWR)= Janco Partners Accumulate » Buy
THQ Inc (THQI )=Janco Partners Accumulate » Buy
Elizabeth Arden (RDEN)= Wedbush Morgan Hold » Buy
AVX Corp (AVX)= AmTech Research Sell » Buy
Canadian Natrl Res (CNQ)= CIBC Wrld Mkts Sector Perform » Sector Outperform
XL Capital (XL)= Stifel Nicolaus Hold » Buy
Centurytel (CTL)= Stifel Nicolaus Hold » Buy
Astoria Fincl (AF)= Stifel Nicolaus Sell » Hold
Ctrip.com (CTRP )= Piper Jaffray Neutral » Buy
NYSE Euronext (NYX)= Piper Jaffray Neutral » Buy
Applied Bio (ABI)= Piper Jaffray Neutral » Buy
Sunpower (SPWR)= Piper Jaffray Neutral » Buy
Compuware (CPWR)= Piper Jaffray Neutral » Buy
Assured Guaranty (AGO)= JP Morgan Neutral » Overweight
ATP Oil & Gas (ATPG)= RBC Capital Mkts Underperform » Sector Perform
Co. Paran. de Energ (ELP)= Bear Stearns Peer Perform » Outperform
Cheesecake Factory (CAKE )= Friedman Billings Underperform » Mkt Perform
Methanex (MEOH)= UBS Neutral...
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Monday's Picks
Tim Seymour recommends buying Sasol (SSL) $43.11
Guy Adami prefers United Technologies (UTX) $72.75
Karen Finerman likes Golar (GLNG) $17.57
Pete Najarian thinks investors should trade alongside Warren Buffet and buy Burlington Northern (BNI) $81.8
Friday's Results
Tim Seymour likes refiners such as Tesoro (TSO) $39.81 Close $39.29 LOSS
Guy Adami prefers Cisco Systems (CSCO) $25.11 Close $24.22 LOSS
Karen Finerman says get long Goldman Sachs (GS) $199.20 Close $191.37 LOSS
Pete Najarian thinks ConocoPhillips (COP) $74.47 Close $74.13 LOSS
2008 Records:
Brian Schaeffer= 0-1
Carter Worth= 0-1
Jon Najarian= 3-1
Jeff Macke= 6-4
Tim Seymore= 2-1
Guy Adami= 4-7
Pete Najarian= 3-5
Karen Finerman= 5-4
2007 Results (Since 6/21):
Guy Adami= 58-46 = 56%
Jeff Macke= 60-40 = 60%
Pete Najarian= 49-41 = 54%
Karen Finerman= 40-30 = 57%
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