All Posts Tagged With: "buffett 2009"

Riding High on the Hog: High Yield Bonds are Another Win/Win for Buffett

Once again Warren Buffett makes the best of a bad situation. Today Harley-Davidson (NYSE:HOG) announced it will be raising $600 million through an offering of 15% debt.

As you might expect, Buffett’s involvement in the deal sparked a rally in Harley shares. The shares of the beaten down motorcycle maker surged more than 15% today while the rest of the auto industry had a pretty rough day.

Is it a good move for Buffett?

Yes.

Is it a good move for investors to bid up shares of Harley-Davidson?

Probably not.

Frankly, it still blows my mind how many investors are willing to plow in after…

3Feb2009 | Q1 Publishing | 0 comments | Continued

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