Post on 07-Apr-2018
“We ride with our customers and
apply this deep connection in every
market we serve to create superior
value for all of our stakeholders.”
Excessive Options Compensation :
• Long term
incentives
determined
subjectively
• Executives more
likely to take on
high risk projects
• Misleading net
income figures
Unfavorable Debt Position :
Current portion of debt = $1.3 billion
Operating Cash Flows = $609 million
Interest Coverage Ratios- Harley-Davidson = 8.6
- Suzuki = 34
- Honda Motors = 147
May Violate Going Concern Principle :
• Reported first quarterly
loss in 16 years
• Rumors of leveraged
buyout with private
equity firm
• Completely
discretionary business