A quick 12 month graph comparing HOG with its peers shows that from Sep to Sep
HOG performance was almost identical to SEA, Just underperformed AUT, outperformed EKA and outperformed TXN. Relative to where all those stocks where exactly 12 months ago , what do you know HOG lies smack bang in the middle of its peers. Case closed.
Its a market blip and Hartleys have provided a pretty accurate appraisal of where the development phases are up to. In a normal market phase they have done a reasonable job of indicating what certain parts of the business may do for the share price.
You got to remmebr that 12 months ago the US was looking good, the EU was behaving itself and looked to have commited to austerity and the Aussie outlook was for a mining induced boom. Right now those factors have hammered not only HOG, but its peers.
I suggest anyone worrying that HOG is underperformng its peers, do a little research.
HOG Price at posting:
20.0¢ Sentiment: LT Buy Disclosure: Held
