Hardesty: High On HOG
Jim Hardesty thinks an investor can come roaring out of the economic slowdown on a Hog.
Harley Davidson is this dividend-conscious financial management executive's top pick.
"As we come out of this slowdown, I think that stock is going to perform well," he told CNBC. "They did raise their dividend by just over 10 percent."
The motorcycle maker's latest numbers reflected the slowdown, but the president and market strategist of Hardesty Capital Management is not discouraged.
"The is one of their first declines in earnings they’ve experienced since they’ve been a publicly traded company," he said. "They have been affected by the slowdown in high-end retail, which is where they are in the United States, but their overseas business is now growing at almost 20 percent a year."
