What Did You Buy Today?

[EricL]

(03-30-2020, 07:50 PM)stockguru Wrote: One question and its only a small one.. Thoughts on PII

Stock has consistently raised its dividend and is now a its 2011 levels. PE 9 and yield of 5.13%

This is a stock I have always wanted to own

I owned PII for a few years but sold early last year after I got tired of its under-performance. Management has made several questionable decisions in recent years like unprofitable investments in India, its Victory motorcycle failure, and miss-steps in manufacturing capability and quality.

I think they made too many cuts over the years that caught up with them. Also increased debt substantially, going from $107M in total debt in 2012 to $1.8B today.

With an ongoing weak farm economy, and now a crashing oil & gas sector along with the overall recession, I'm not too excited about its near-term prospects.